Question

FIND CI AND 20000 AT 8% PERANUN FOR 2YEARS COMPOUNDED ANNUALY​

Answer 1

Answer:

Here Principal (P) = Rs. 20,000, Time = 1 year.

Rate = 8%

(i) ∴ Interest of the first year = (20,000 × 8 × 1)/100.

= Rs. 1600.

(ii) ∴ Amount after one year.

i.e. Principal for second year = Rs. 20,000 + Rs. 1,600 = Rs. 21,600.

∴ Interest for second year = (21,600 × 8 ×1)/100.

= 216 × 8 = Rs. 1728.

Step-by-step explanation:

Here Principal (P) = Rs. 20,000, Time = 1 year.

Rate = 8%

(i) ∴ Interest of the first year = (20,000 × 8 × 1)/100.

= Rs. 1600.

(ii) ∴ Amount after one year.

i.e. Principal for second year = Rs. 20,000 + Rs. 1,600 = Rs. 21,600.

∴ Interest for second year = (21,600 × 8 ×1)/100.

= 216 × 8 = Rs. 1728.