Find the amount and the compound interest on rupees 8000 for 2 years at 15/2% p.a. compounded annually.
Answers
Answered by
6
Amount = 8000*(1+15/200)²
= 8000*(215/200)²
= 8000*215/200*215/200
= 9245
CI = 9245 - 8000 = 1245
Answered by
2
Answer:
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Step-by-step explanation:
Amount = 8000*(1+15/200)
=8000*215/200 * 215/200
=9245
Compound interest = 9245 - 8000
= 1245
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