Question

Calculate the compound interest for the second year on 8000/- invested for 3 year at 10% per annum​

Answer 1

• compound interest for the second year on 8000 Invested for 3 years at 10% per annum = Rs 880.

• Principle = rs 8000. Interest Rate = 10% per annum.
• Rs 880. Another way.
• Compound interest for 2nd Year = 1680 - 800 = Rs 880.

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