Question

Find the amount and the compound interest on rupees 8000 at 5% per annum for 2 years.​

Answer 1

Answer:

Principal = 8000

rate = 5%

time = 2 years ( 2 terms)

Amount = P(1+ R/100)^n

= 8000(1+5/100)²

= 8000* (1+1/20)²

= 8000 *( 21/20)²

= 8000 * 441/400

= 20 * 441 = 8820 /-

:. CI = Amount - Principal

= 8820 - 8000

=. 820.

Hope it helps

Answer 2

Answer:

Compound interes= (P+I

100) n

C. I=8000+5 *2

100

80+5 into 2

85*2

170