Question

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

Answer 1

*Qüēßtìøñ:-

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

*Àñßwêr:-

Principal amount = 8000

Interest for first year = 15% of 8000 = 1200

So new principal after 1 st year = 8000+1200 = 9200

Interest for second year = 15% of 9200 = 1380

So new principal after 2 nd year = 9200+1380 = 10580

interest for 4 months(1/3 years) = 5% of 10580 = 529

So interest after 2 years 4 months = 1200+1380+529 = 3109

hence your answer is Rs.3109

$hope \: it \: helps \: you$

Answer 2

Step-by-step explanation:

----------------------------------

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

*Àñßwêr:-

Principal amount = 8000

1. Interest for first year = 15% of 8000 = 1200

1. So new principal after 1 st year = 8000+1200 = 9200

1. Interest for second year = 15% of 9200 = 1380

1. So new principal after 2 nd year = 9200+1380 = 10580

1. interest for 4 months(1/3 years) = 5% of 10580 = 529

1. So interest after 2 years 4 months = 1200+1380+529 = 3109

• hence your answer is Rs.3109

hope this helps you