calculate the amount and the compound interest on rupees 8000 in 2 whole 1 by 2 years at 5% per year
Answers
Answered by
2
Answer:
hlo mate
Step-by-step explanation:
Incredible29Ace
principal = 8000
rate = 5%
time = 2 years ( 2 terms)
Amount = P(1+ R/100)^n
= 8000(1+5/100)²
= 8000* (1+1/20)²
= 8000 *( 21/20)²
= 8000 * 441/400
= 20 * 441 = 8820 /-
:. CI = Amount - Principal
= 8820 - 8000
=. 820.
Answered by
48
Given :--
- Principal = Rs.8000
- Rate = 5%
- Time = 2(1/2) years.
To Find :-
- Amount and compound interest ?
Solution :-
Assume Time whole As = W .
And, Fraction Time as = F .
Than,
Formula for Amount will be :-
☛ Amount = P [ 1 + (R/100) ]^W * [ 1 + {(F*R)/100} ]
Putting Values we get,
→ A = 8000 [ 1 + (5/100) ]² * [ 1 + (5/2*100) ]
→ A = 8000 * (21/20)² * (41/40)
→ A = (8000 * 441 * 41)/ (400*40)
→ A = Rs.9040.5
So,
→ CI = Amount - Principal
→ CI = 9040.5 - 8000
→ CI = Rs.1040.5
Hence, Amount is Rs.9040.5 and Compound interest is Rs.1040.5.
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