Question

calculate the amount of 8000 for 1 years at 9 % p.a compounded annually​

Answer 1

Given:-

• Principal(P)= 8000
• Rate= 9%
• Time= 1 Year = 2 Half Years

To Find:-

• Amount.

Solution:-

$Amount= p {(1 + \frac{r}{100} )}^{n}$

$= > Amount= 8000 {(1 + \frac{9}{100}) }^{2}$

$= > 8000 {( \frac{100}{100} + \frac{9}{100} ) }^{2}$

$= > 8000 \times {( \frac{109}{100}) }^{2}$

$= > 8000 \times \frac{109 \times 109}{100 \times 100}$

$= > 8 \times \frac{11881}{10}$

$= > \frac{95048}{10}$

$= > 9504.8$