Question

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

Answer 1

Here is your answer. . .

principal=8000
rate=5%
time=2years(2terms)

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 YOU . . . . . . . . . . . .