Math, asked by dolly0708, 4 months ago

find amount and compound interest on rs 8000 for 2 years at 12% per annum compounded annualy​

Answers

Answered by sahuasha20gmailcom
1

Step-by-step explanation:

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Answered by harsheinstein404
4

Step-by-step explanation:

final \: amount= p(1 +  \frac{r}{n} ) ^{nt}

p=Principal Amount

r=rate of interest

n=compounding period

t=time

final\: amount = 8000(1+ \frac{12}{12} ) ^{24}

final \: amount = 8000 +  {2}^{24}

final \: amount= 8000  +  16777216

=16,785,216

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