Question

Calculate the amount earned on a principal of Rs.24,000 in 2years if the compound intrest rate is 8℅ p.a., compounded annually . use

Answer 1

$24000( 1 + { \frac{8}{100} })^{2} - 24000 \\ 24000 \times \frac{108}{100} \times \frac{108}{100} = 27993.6 - 24000 = 3993.6$
mark it brainliest if you find it useful