Question

a sum of 8000 is invested for 2 year's at 10 percent per annum compound interest find the princuple for second year​

Answer 1

Step-by-step explanation:

Amount = P [ 1 + R/ 100 ] ^ n where n is the number of years, R is the rate and P is the principal.

Given Amount = 8000, R = 2% and T = 2years

So Acc. To Question :-

8000 ---------> 10% ---------> 800Rs ( For 1st year )

8800 ---------> 10% ---------->880 Rs ( For 2nd year)

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