calculate the compound interest earned and the amount due if a sum of 8000 invested for 2 years at 15 % per annum compound interest interest being compounded annually
Answers
Answered by
2
Step-by-step explanation:
principal = 8000
time = 2 years
Rate = 15%
according to question
S.I = P × T× R / 100
8000× 2 × 15 / 100
S.I = 2400
hope it is helpful
Answered by
0
Step-by-step explanation:
An amount of Rs.8000 is invested for 2 years at interest rate of 15% per annual and compunded annually. At the end of 2nd year how much amount will be obtained as interest?
A
Rs. 2902.50
B
Rs. 2900.50
C
Rs. 2899.50
D
Rs. 2899
Compound Interest
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