Question

Find the amount and the compound interest on 38000 for 4 years at 10% per annum
interest reckoned yearly.


please help and give me the proper answer. I know the answer but I can't doing this step by step please help me

answer is - 11712.80 and 3712.80
please help me ​

Answer 1

Answer⤵️⤵️

It is given that

Principal (P) = 8000

Rate of interest (r)= 10% p.a.

Period (n) = 4 years

We know that

Amount = P(1+r/100)

n

Substituting the values

=8000(1+10/100)

4

By further calculation

= 8000×11/10×11/10×11/10×11/10

= 11712.80

Here

CI = A - P

Substituting the values

= 11712.80−8000

= 3712.80

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Answer 2

Answer:

don't write rubish answer. ok?