Question

Find compound interest on Rs. 8000 at 15% p.a. for 2 years compounded annually.

(i) 2560 (ii) 2580 (iii) 2124 (iv) 2400​

Answer 1

8000(1+15/100)^2-8000=2580
so its ii

Answer 2

Answer:

8000(1+15/100)ñ

8000(23/20)²

20 × 23 × 23( simplified)

= 10580

now 10580 - 8000 = 2580

YOUR ANSWER ÌS 2ND OPTION (II)