Math, asked by gauravsinghania9348, 11 months ago

Find compund intrest on rs. 8000 at 15% per annum for 2 years 4 months, compounded annually.

Answers

Answered by aryansharma31082000
3

rate = 15 % p.a 15/12 = 1.25%p.m

i = 1.25/100 = 0.0125

time = 24+4 = 28 months

P= 8000

CI = P(1+I)^n-1

CI = 8000(1+0.0125)^28-1

CI = 8000(1.0125)^28-1

CI = 3327.93

THE ABOVE CALCULATIONS ARE DONE USING CALCULATOR

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