Calculate the compound interest for the second year on 8000 invested for 3 years at 10% p.a.
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should be no compound insta for the second year and 800 investors for 3 years as hand person pay
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Answer:
i am doing with long process
p = 8000
t = 3 years
r = 10 %
I for 1st year = PRT/100
= 8000 * 10 * 1 / 100
= 800
A for 1st year = P + I = 8800
p for 2nd year = 8800
I for second year = PRT /100
=8800 * 10 * 1 / 100
= 880
A for 2nd year = P + I = 9680
CI for 2 years = final A - original P
= 9680 - 8000
= 1680
hence CI after 2 years = 1680 rs
hope it helped you !!!!!!!
Explanation:
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