Question

EXERCISE 8 B
1. Find the amount and the compound interest on 7 5000 for 2 years at 8% per annum, compounded
annually.

WHAT WILL BE THE ANSWER PLEASE SOLVE AND SENT ME​

Answer 1

Answer:Rs.5724Step-by-step explanation:1 st yearPrincipal, P=Rs.5000Time, T=1 yearRate of interest ,R=6%∴simple Interest, SI= 100PTR = 1005000×10×6 =Rs.300∴Amount=P+SI=Rs.53002nd yearPrincipal = Amount of 1st year=Rs.5300Rate of interest =8%Time =1 year∴ Interest = 1005300×1×8 =Rs.424∴ Amount =Rs.(5300+424)=Rs.5724The interest of 2nd year is the required compound interest. So, C.I=rs.424 and the required amount is Rs.5724

Answer 2

Answer:

here, Amount = 87480

CI = A-P

CI = 87480-75000

CI = 12,480.....answer.......