Question

Determine compound interest on Rs. 10000 for 2 year at 8% annual rate if interest is calculated at annual rate
​

Answer 1

$\huge{\boxed{\mathtt{\red{ANSWER}}}}$

A = 10000*(108/100)²

A = 10000*27/25*27/25

A = 11664

CI = A-P = 1664 (Ans)