Question

Find ci on a sum of rupees 8000 for 2 year at 5% per annum compounded annually

Answer 1

Answer:

820

Step-by-step explanation:

A =P(1+R/100)n compounded annually

=8000(1+5/100)2

8000 (1+1/20)2

=8000(21/20)2

8000 (21/20)(21/20)

8820

Ci=a-p

=8820-8000

=820