Question

Find the amount and compound interest on a sum of 8,000 at 5% per annum for
three years compounded annually.
oct office for a neriod of three years. The nost
the.​

Answer 1

A= 8000(1+5/100)³= 8000(21/20)³= 8000 x 9261/8000= 9261

CI= 9261-8000=1262