A man borrowed Rs 20000 for 2 years at 8% per year compound interest. Calculate
a) The final amount at the end of second year
b) The compound interest of two years
Answers
Answer:
Question:-
· A man borrowed Rs 20000 for 2 years at 8% per year compound interest.
To find:-
· The final amount at the end of second year
· The compound interest of two years
Solution:-
⇒ ∴ Interest of the first year = P × R × T/ 100
⇒ ∴ Interest of the first year = 20000 × 8 × 1 /100
⇒ Interest of the first year = 16000 / 100 = 1600
⇒ ∴ Amount after one year
⇒ Principal for second year = Rs. 20,000 + Rs. 1,600 = Rs. 21,600
∴ Interest for second year = (21,600 × 8 ×1)/100 = = 216 × 8 = Rs. 1728
⇒ Final amount at the end of second year = Rs. (21,600 + 1728) = Rs. 23,328
⇒ Interest of two years = Rs. 23,328 – Rs. 20,000 = Rs. 3,328.
Answer:-
a)The final amount at the end of second year is Rs. 21,600
b) The compound interest of two years is Rs. 3,328.
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Step-by-step explanation:
if one of the zeros of the quadratic polynomial is negative then other then it has no linear term