Question

Find compound interest on rs. 8000 at 15% per annum for 2years 4months by compounded anually ?​

Answer 1

Answer:

grujh6455619

432926

4385664

1288762864

34289768

649259

Answer 2

Answer:

The compound interest on Rs. 8,000 at 15% per annum for 2 years 4 months, compounded annually is : - GKToday. 3109 Rs.

Step-by-step explanation:

The compound interest on Rs. 8,000 at 15% per annum for 2 years 4 months, compounded annually is :

[A]Rs. 3109

[B]Rs. 3091

[C]Rs. 2980

[D]Rs. 3100

3109 Rs.

Amount = p\left ( 1+\frac{R}{100} \right )^{t}

= 8000\left ( 1+\frac{15}{100} \right )^{2\frac{1}{3}}

= 8000\left ( 1+\frac{3}{20} \right )^{2}\left ( 1+\frac{3}{20\times 3} \right )

= 8000\times \frac{23}{20}\times\frac{23}{20}\times\frac{21}{20}

= Rs. 11109

∴ Compound Interest = Rs. (11109 – 8000) = Rs. 3109