Find the amount and the compound interest on Rs.8000 at 5% per annum for 2 years.
Answers
Answered by
11
Answer:
Given,
Principal = Rs.8000
Rate = 5%
Time = 2 years
Find,
Compound interest and amount
Step-by-step explanation:
So,
we know the formula of compound interest
is P(1+R/100) ^T
=> 8000 (1+5/100)²
=> 8000 (105/100)²
=> 8000 * 105/100 * 105/100
=> 84 * 105
=> Rs. 8820
Than,
we can use amount formula in compound interest
A = C.P. - P
=> Rs.8820 - Rs.8000
=> Rs.820
Answered by
1
Answer
⇒ Compound interest (C.I)=P[(1+
100
r
)
t
−1]
P= Principal r= rate, t= time
⇒ C.I. =8000[(1+
100
5
)
2
−1]
=8000[
1000
25
+
100
10
]=8000[
10000
25+1000
]
⇒C.I=
10
8
[1025]=14.820.
solution
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