find the amount and the compound interest on8000 at 5% per annum for 2years
Answers
Answer:
A=8820
C.I=820
Step-by-step explanation:
A= P(1+ r/100)^T
P=8000
R=5%
T=2 years p.a.
A=8000 (1+5/100)^2
=8000 (105/100)^2
=8000 (21/20)^2
=8000×21/20×21/20
=20×21×21
=8820
therefore, C.I =A-P
C.I = 8820-8000
= 820
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Answer:
CI = 820/-
step by step explanation:
Amount = Principle ×( 1+ R upon 100)^
time.
A= 8000×( 1+ 5 upon 100)^2
A= 8000(105 upon 100)^2
A= 8000( 21/20 × 21/20)
A= 8000× 21/20×21/20
A= 20×21×21. ( as we divide 20 by
8000 we get 400 and
again divided by 20 we
20)
A= 8820/-
CI = Amount- Principle
CI = 8820-8000
CI = 820/-
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