Question

find the amount and compound interest for Rs 9000 for 1 year at 8% per annum compounded annually?( in 50 words)

Answer 1

Given principal = 9000, Time n = 1 year, Rate of interest r = 8%.

We know that A = P(1 + r/100)^n

= > A = 9000(1 + 8/100)^1

= 9000(108/100)^1

= 9720.

Therefore, the amount is 9720.

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We know that CI = A - P

= 9720 - 9000

= 720.

Therefore, the compound interest is 720.

Hope this helps!

Answer 2

hey here's the answer to your question....

Amount given= Rs 9000
Time given= 1 year
Rate of interest given= 8%

A=P(1+r/100)^n
=> A=9000(1+8/100^1) ( Amount/Rate of interest)
=> 9000(108/100)^1
=>9720

CL=A-P
=9720-9000
=720

hope my answer helps!