Math, asked by drmanojkumar2016, 5 months ago

8000 is lent at 5% compound interest per year for 2 years. Find the amount and compound interest.

Answers

Answered by Nemisha17

7

Answer:

820

Step-by-step explanation:

first take out the interest of 1st year.

1st year interest =400

Amount of 1st year =8000+400=8400

2nd year interest=420

Amount of 2nd year =8400+420=8820

C. I. = 8820-8000=820

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