an amount of Rs 8400 is borrowed for 2 years at 5% per annum find the compound interest and amount when interest is compounded annually
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Answer:Rs.9240
Step-by-step explanation:
Interest=principal amount×rate×time/100
=8400×5×2/100
=8400×10/100...here we cancel the 0s of 8400 and 100 making....
84×10
=Rs.840
Amount=Principal amount+Interest
=8400+840
=Rs.9240
vinodpattar75:
Is this helpful dear?
but I need compound interest Mr vinodpattar75
oo like that..then the interest is 881.51
and amount would be like 9,281.51
now is it ok?
thank you
One more thing that I am not VINODPATTAR75....but it is my dad's name
anyway it is my pleasure to answer your question
:):)
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