Question

Calculate the compound interest for the second year on 8000 rupees invest for 2 year at 10%

Answer 1

3 * 8000 = 24000

10% = 10 / 100

10 / 100 * 24000

2400

i believe this is the answer to the question that you are asking ..

Answer 2

FOR FIRST YEAR:
CI=(P*R*T)/100
=(8000×10×1)/100
= 800
AMT=8000+800
=8800
FOR SECOND YEAR:
CI=(P*R*T)/100
=(8800×10×1)/100
=880
AMT=8800+880
=9680