A certain amount to 5832 in 2 years at 8 %compounded annually. find the sum
Answers
Answered by
3
Step-by-step explanation:
principal =5832/-
rate= 8%
time =2yrs
SI=P*R*T/100
5832*8*1/100=466.56
so SI for 1st year is 466.56
amount =5832+466.56=6298.56
6298.56*8*1/100=503.8848
so for 2nd year is 503.8848
amount =503.8848+6298.56=6802.4448
CI= 6802.4448-5832=970.4448
Answered by
1
Answer:
Answer:16,6250
Step-by-step explanation:
3 years = 3(20,000)+3(25000)+1(31250)
=166250
Step-by-step explanation:
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