Calculate the amount and compound interest on rupees 8500 for 2 years 8 percent per annum?
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Answered by
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a=p(1+r÷100)^n
=8500(1+8/100)^2
=8500(27/25*27/25)=9914.4
ci=A-p=9914.4-8500=1414.4
Answered by
1
Answer:
Step-by-step explanation:
Total amount = 8500(1+8/100)²
= 8500*108*108/100*100
= 9,914.4
Compound interest = 9914.4 - 8500
= 1414.4 rupees
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