calculate the amount on Rs 3750 for two years at 8% compounded anually
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Answer:
4374 Rupees is the answer
Step-by-step explanation:
CI for the 1st year= (3750×1×8)÷100
= 300 rupees
Amout for 1st year =3750+300 = 4050 rupees
CI for 2nd year = (4050×1×8)÷ 100
= 324 rupees
Amount for 2nd year = 4050+324 = 4374rupees
therefore the ans is 4374 rupees
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