A sum of Rs 8,000 is invested at 10% p.a. compound interest for 3/2 years compounded annually. Find the amount after one year.
Answers
Answered by
2
Answer:
Rs 800 will be compound interest for 1 year
aggarwalanish:
we have to find amount after 1 year
Answered by
1
Answer:
Given, P= Rs. 8,000,R=10%.
Interest for second year = P×
100
R
×(1+
100
R
)
= 8000×
100
10
×(1+
100
10
)
= 800×
10
11
Therefore, interest for second year = Rs. 880.
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