Question

Calculate the compound interest for the second
year on 8,000/- invested for 3 years at 10%
per annum​

Answer 1

principle=8000/-

term=3 years

rate%=10%

interest for lst year=(p*r*t)/100

=(8000×10×1)/100

=800/-

principle for llnd year=8000+800

=8800/-

interest for llnd year=(8800×10×1)/100

=880/-

Answer 2

Answer:

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