Question

Find the amount and compound intrest on ₹8000 at 5% per annum for two years.

Answer 1

Answer:

principal=8000

rate=5%

time=2years

amount=p(1+r/100) square

amount=8000(1+5/100) square

amount=8000(21/20) square

amount=8000×441/400

amount=20×441

amount=8820

Compound Interest=Amount-Principal

8820-8000

820 answer