Question

compound interest on 8000 at 10% parannum compounded annually for year is?

Answer 1

A = P ( I + R/100 ) raise to n

A = 8000 ( 1 + 10/100)

A = 8000 × ( 1 + 1/10)

A = 8000 × (10/10 + 1/10)

A = 8000 × 11/10

A = 800 × 11

A = 8800 Rs

Compound Interest = A - P :

                                = 8800 - 8000

                                = 800 Rs

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