Question

a sum of rupees 8000 is lent for 4 yrs at the rate of 8% per annum find the interest ​

Answer 1

Step-by-step explanation:

SI = 8000 x 4 x 8/100

= 80 x 4 x 8

= 80 x 24

= 1920

CI

A = P(1+r/100)^t

= 8000(1 + 8/100)^4

= 10883.91

CI = 10883.91 - 8000 = 2883.91