Question

Albert invested an amount of rs 8000 in a fixed deposit for 2years at compound interest rate of 5% per annum. How much albert will get on the maturity of the fixed deposit

Answer 1

Explanation:

=>(8000×(1+5100)2)
=>8000×2120×2120
=>8820
rs.8820

Answer 2

Answer:

Rs.8,820

Step-by-step explanation:

Invested amount = Rs.8000(p)

Interest rate per annum = 5%(R)

Years = 2(N)

So C.I = P[1+R100]N

=  8000[1+5100]2

= 8000[1+0.05]2

= 8000[1.05]2

= 8000[1.1025]

=Rs.8,820