Question

a sum of amounts rs 72900 in 2 years at 8 percent per annum,compounded annually .find the sum​

Answer 1

Answer:

12130.56

Step-by-step explanation:

1st yr 2nd yr

8%of72900 5832+8%of5832

5832 6298.56

Total=12130.56

Answer 2

P= 72900

R=8%pa

T= 2 years

Amount=

$p \times (1 + \frac{r}{100}) {}^{2}$

$72900 \times (1 + \frac{8}{100}) {}^{2}$

Amount =85030.5