A sum of rupees 20.000 is borrowed by rena
for 2 years at an interst of 8% compounded
anually. Find the compound Intrust and the
Amount she has to pay at the end of 2 years?
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principal=20000
rate=8%
time=2years
amount=p((1+r)÷100)^2
=20000(108÷100)^2
=20000(27÷25)^2
=20000(729÷625)
=32×729
=23328 Rupees
C. I=(23328-20000) Rupees
=3328 Rupees
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