Question

calculate the amount and the compound interest by using the formula for compound interest.

principle- 8000
rate of interest-10%
time (in years)-2​

Answer 1

Answer:

Amount =Rs. 9680

Interest=Rs. 1680

Step-by-step explanation:

Amount(A)=p(1+r/100)^n

A=8000(1+10/100)^2

A=8000(11/10)²

A=8000*121/100

A=Rs.9680

Interest=Amount-principle

I=9680-8000

I=Rs.1680

Answer 2

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Here is your answer

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