Question

8. COMPARING QUANTITIES
75
( 5 ) Rushil invested * 8000 in a business. He would be paid interest at 5 %
per anum compounded annually. Find the amount he will get
(i) After 2 years ?
(ii) After 3 years ?​

Answer 1

Answer:

i) 16800 rupees

ii)25200 Rupees

Step-by-step explanation:

●Find the simple interest of 1 year

P=8000

R=5%

Time=1 years

Si=P×R×T /100

SI= 8000×5×1/100

SI=400 rupees

Total Amount= Principle+Interest

= 8000+400

=8400 rupees

i) Now Amount in 2 years

8400 Rupees ×2

=16800 rupees

ii) Amount in 3 years

8400 rupees×3

= 25200 rupees

HOPE IT HELPS YOU ❄