A man invested Rs. 8000 for 2 years at 9% per annum, compounded annually.
Calculate
Answers
Answered by
1
Answer:
Compound Interest,
Amount=Principal(1+
100
Rate
)
Time
Compound Interest = Amount- Principal
Therefore, in this case, since the interest is compounded annually the time =2.5 years
and rate =4.5% per half year
Amount=8000(1+
200
9
)
2
Amount =8736.20
Compound Interest = Amount - Principal =8736.20−8000=Rs.736.20
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Answered by
0
Answer:
1504.8 is the correct answer
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