Math, asked by vedikapatwari19, 7 months ago

Calculate the compound interest on Rs. 60,000 for 2 year, at 8% per annum,
compounded annually.

Answers

Answered by itzbuttar99

5

Answer:

Hi mate

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Step-by-step explanation:

Let Principal amount P=60,000

Time period t=2

rate of interest r=

100

8

=0.08

Total amount =P(1+r)

t

=60000(1+0.08)

2

=69,984

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