Question

calculate the compound interest on RS8000 at 9% annum for 2 years​

Answer 1

Answer.

Given : rupees 8000 on 2 years 9 months @ 10% per annum compounded annuallyTo find : amount and compound interest.Solution: P = 8000. R = 10 % per annum. T or n = 2 Years 9 Months. 1st we will find amount after 2 years using CI formula. A = P (1 + R/100)ⁿ A = 8000 ( 1 + 10/100)² => A = 8000 ( 1.1)² => A = 9680 Rs.

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Answer 2

Answer:

8000(1+9/100)^2

8000(100+9/100)^2

8000(109/100)^2

8000 109/100×109/100

=9,504.8 - answer

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