Math, asked by duttamonorama7, 8 months ago

6
A sum of 3 8,000 is invested for 2 years
at 10% per annum compound interest.
Calculate :
(i) interest for the first year.
(ii) principal for the second year.
(iii) interest for the second year.
(iv) final amount at the end of the second
year.​

Answers

Answered by tanveerkaur2508
2

Answer:

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Answered by shipraagarwal11
3

Answer:

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Step-by-step explanation:

(i) Here Principal (P) = Rs. 8,000

Rate of interest = 10%

Interest for the first year = (8,000 × 10 × 1)/100

= Rs. 800

(ii) ∴ Amount = Rs. 8,000 + Rs. 800 = Rs. 8,800

Thus principal for the second year = Rs. 8,800

(iii) Interest for the second year

= (8,800 × 10 × 1)/100 = Rs. 880

(iv) Amount at the end of the second year = Rs.

8,800 + Rs. 880 = Rs. 9,680

(v) Hence compound interest earned in 2 years

= Rs. 9,680 – Rs. 8,000 = Rs. 1680

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