Calculate the compound interest. on 8000 for 2 years
at 5%.
per annum.
Answers
Answered by
3
Answer:
Formula
A=P(1+R/100)²
=8000(1+5/100)²
=8000(1+5)²
=80*6*6
=80*36
=2,880
a=2,880
HOPE IT WILL REALLY BE HELPFUL TO YOU.
Answered by
2
Answer:
16820
Step-by-step explanation:
A = P(1+R/100)²
=8000(1+5/100)²
=8000(100+5/100)²
=8000(105/100)²
=8000×105/100×105/100
=8820
CI=P+A
=8000+8820
=16820
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