Question

Calculate the compound interest for the second year on 8000 invested for
the in rest for the third year.
16
3
17
3 years at 10% p.a.
Also find the sum due at the end of third year.
Ramesh invests 12800 for the
to of 10° nor annum compound interest.
4​

Answer 1

Answer:

Calculate the compound interest for the second year on 8000 invested for

the in rest for the third year.tep-by-step explanation:

Answer 2

Answer:

Mark me as brainliest if u think that my answer is correct as well as helpfull.....

Step-by-step explanation:

Compound interest for the second year will be the simple interest gained in the second year, with the amount after first year being the principal for the second year.

For the first year

P = Rs8,000

N = 1year

R = 10 %

We have S.I.= PRN ÷100

= 8,000×1×10÷100

= Rs800

And Amount at the end of first year P+S.I.

= Rs8,000 + Rs800 = Rs8,800

Now, for the second year

P = Rs8,800

N = 1year

R = 10 %

We have S.I.= PRN ÷ 100

= 100 8,800×1×10

= Rs880

Thus, Compound interest for the second year

=Rs880