Question

compound interest when principle is 1000 rs rate is 8% per annum and time is 2 years

Answer 1

so the compound interest (C.I) = ₹1664

Answer 2

Answer:

Compound Interest  = ₹ 166.4

[MARK THE ANSWER AS BRAINLIEST]

Step-by-step explanation:

P = 1,000

R = 8%

T = 2

$A = P(1+\frac{r}{100} )^n$

⇒ $1000(1+\frac{8}{100} )^2$

⇒$1000 * \frac{27}{25} * \frac{27}{25} = 1,166.4$

Compound Interest = Amount - Principal

= 1,166.4 - 1000

= 166.4