Question

At a rate of 10 p.c.p.a., what would be the amount for 2 years on ₹ 80,000? *​

Answer 1

Step-by-step explanation:

P= 80000

R = 10 % ‘

after first year amount = 88000

10 % rate compounded annually

If we paid 55000 at the end of the 2nd year it means we paid 110 % of amount left after paid certain from the 1st year . C.I always calculated on previous year amount

= \frac{55000}{110} \times 100 = 50000

So that certain amount is paid after first year then the remaining amount is equal to 50000.

Answer 2

Step-by-step explanation:

here,P=80,000

R=10 p.c.p.a

T=2 years, I=? ;A=?

=I=P×R×T/100

=80,000×10×2/100

=16,000

A=P+I

=80,000+16,000=34,000

₹34,000

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