Math, asked by abhijithr3102, 1 year ago

A sum of 10000 rs is invested at a rate of 8% per year for 12 months. Find compound interest

Answers

Answered by nikhildaharwal

0

nikhil daharwal my friend

Answered by krishnatosharma

0

Answer:

CI=Rs 800

Step-by-step explanation:

We know,

Amount=P(1+R/100)∧n

∴A=10000(1+(8/100))∧1 [∵12 months=1 year]

A=10000(108/100)

A=10000*1.08

A= Rs 10800

∴CI=A-P

CI=Rs(10800-10000)

∴CI=Rs 800

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