Anika borrowed Rs. 8000 from Seema to buy a TV at a rate of 8 % per annum compounded annually for 2 years. Find the amount that will she pay.
1 point
A. 8331.20
B. 9360.20
C. 9313.20
D. 9331.20
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Answer:
P = rs.8000
R = 8%
T = 2 years
At first,we have to find SI (simple interest) ,
The formula to find SI is. P×R×T/100.
SI = P×R×T/100
=. 8000×8×2/100
= 80×8×2
= 1280
Amount = P+SI
=8000+1280
=9280.
This is the correct answer. I think ur option is wrong.
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