Question

Calculate the interest of rupe 30000 compounded annualy for 2years at 8%per annum​

Answer 1

Answer:

Step-by-step explanation:

P=30000

R=8%per annum

N=2years

A=P(1+r/100)^2

=30000(1+8/100)^2

=30000(108/100)^2

=30000×108/100×108/100

=34992

A=34992

Compound interest=a-p

=34992-30000

=4992