8) Albert invested an amount of Rs.8000 in a
fixed deposit scheme for 2 years at compound
interest rate 5p.c.p.a, How much amount will
Albert get on maturity of the fixed deposit?
Answers
Answered by
0
Answer:
8820 maturity albert get.. Hope it will help
Answered by
0
Answer:
Rs.8,820
Step-by-step explanation:
Invested amount = Rs.8000(p)
Interest rate per annum = 5%(R)
Years = 2(N)
So C.I = P[1+R100]^N
= 8000[1+5100]^2
= 8000[1+0.05]^2
= 8000[1.05]^2
= 8000[1.1025]
=Rs.8,820
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