Question

calculate compound interest on 8000 at 5% per annum for 2 years


this is maths pls ans this question
simple and compound interest lesson 8 th ICSE​

Answer 1

Answer:

87,400

Step-by-step explanation:

C.I. =p(1+R/100)^2-p

=8000(1+5/100)^2-8000

=8000(105/100)^2-8000

= 8000×105/100×105×100-8000

=8×105×105-800

=840×105-800

=88,200-800

=87400