Question

Calculate the compound interest for the second year on₹8000 invested for 3 years at 10% per annum

Answer 1

1680

Step-by-step explanation:

A = P(1+r)^n

A- Final amount

P- Principal amount

r- rate of interest

n- number of years

A= 8000×(1+(10/100))^2

= 8000(1.1^2)

= 9680

# interest accumulated = final amount - Principal

= 9680-8000

= 1680

Answer 2

Answer:

Hey bro,

I don't know compound interest but I know Simple Interest.

Step-by-step explanation:

S.I. = P×R×T

100

=> S.I. = 8000×10×3

100

=> S.I. = 2400 Ans.

Please mark it as the "Brainliest".