Question

find CI on a sum of rupees 8000 for 2 years at 5% per annum compounded annually full steps​

Answer 1

First find the amount. amount= p(1+r/100)raise to the power 2. so, 8000(1+5/100)raise to the power of 2= rs.8820. now find the CI. CI =A-P. so, 8820-8000=20