find the amount and the compound interest on 8000 at 5% per annum ;for 2years compounded annually.
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Answered by
12
therefore the answer is RS.820
hope it helps you.........................
hope it helps you.........................
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Answered by
17
Answe: Amount=8820
Compound Interest=820
Step-by-step explanation:
Using the formula
S I=(P*T*R)/100
(8000*5*1)/100=400
Amount after 1 year = 8000+400
=8400
(8400*5*1)/100=420
Amount after 2nd year = 8400+420
=8820
Compound interest =si1+si2= 400+420
=820
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