Question

Find the amount and the compound Interest on Rs8000 at 5per annum for 2years compound annually​

Answer 1

Answer:

A = 8820

CI = 820

Step-by-step explanation:

Amount = P(1+R÷100)^T

A = 8000(1+5÷100)^2

A = 8000(105÷100)^2

A = 8000 × 105÷100 × 105÷100

(Cut cancel all zero and numbers)

A = 4×21×105

A= 8820

CI = A-P

CI = 8820 - 8000

CI = 820

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