Question

Find the amount and compound interest on a sum of 8,000 at 5% per annum for
3 years compounded annually.​

Answer 1

Answer:

principal= Rs8000

rate=5%

time=3years

amount =principal×(1+5/100)3

amount=8000×21/20×21/20×21/20

amount=21×21×21

amount=9261

compound interest =amount -principal

compound interest=9261-8000=Rs1261

Answer 2

Amount - 9261

Compound Interest - 1261

Step-by-step explanation:

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