A sum of rs8000 is invested for 2 years at 10% per annum compound interest.
Calculate:
a. Interest for the first year.
b. Principal for the second year.
c. Interest for the second year.
d. Final amount at the end of the second year.
e. Compound interest earned in 2 years.
Answers
Answered by
1
(i) Here Principal (P) = Rs. 8,000
Rate of interest = 10%
Interest for the first year = (8,000 × 10 × 1)/100
= Rs. 800
(ii) ∴ Amount = Rs. 8,000 + Rs. 800 = Rs. 8,800
Thus principal for the second year = Rs. 8,800
(iii) Interest for the second year
= (8,800 × 10 × 1)/100 = Rs. 880
(iv) Amount at the end of the second year = Rs.
8,800 + Rs. 880 = Rs. 9,680
(v) Hence compound interest earned in 2 years
= Rs. 9,680 – Rs. 8,000 = Rs. 1680
Pls mark as brainiest
Answered by
1
This is your answer
Attachments:
Similar questions