Question

find the amount and compound imterest on rupees 2000 for 2 years at the rate of 8% per annum , when the interest is compounded annually.

Answer 1

Answer:

Step-by-step explanation:

A.=P(1+R)^n

=2000(1.08)(1.08)

=233.28

C.I.=A+P

=2000+233.28

=2233.28

Answer 2

Answer:

Step-by-step explanation:

Amount = {p*(1+R/100)^n}

                {2000*(1+8/100)^2}

               {2000*1.1664}

                2332.8 Rs

Compound Interest = Amount - Principal

                                    2332.8 - 2000

                                    332.8 Rs

I hope this was helpful