Question

Find the amount and c.i in a sum of rs.8,000 at 5% per annul for three years compounded annually

Answer 1

Answer:

CI=9261, A=17261

Step-by-step explanation:

P=8000

R=5%P.A

T=3

CI=P*(1+R/100)^T

=8000*21/20*21/20*21/20

=9261

A=CI+P

=17261