Find out the compound interest of a sum of 10000 for 2 years at rate of 8% if the interest is added yearly
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c.i=?
p=10000
r=8%
n=2years
A=p(1+r/100)^n
A=10000(1+8/100)^2
A=Rs11664
ci= A-P
Ci=11664-10000=rs1664
p=10000
r=8%
n=2years
A=p(1+r/100)^n
A=10000(1+8/100)^2
A=Rs11664
ci= A-P
Ci=11664-10000=rs1664
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