Question

Find the amount and the compound interest when Principal is ₹ 8000 , rate of interest is 4.5 p.c.p.a and duration is 2 years.​

Answer 1

Answer:

Find the compound interest if the principal is ₹8000,rate of interest is 10% p.a. and number of years is 2 years. Therefore ₹8000 with 10% p.a. in 2 years will be ₹9680

Answer 2

Answer:

The amount is 8736.2 Rs and Compound Interest is 736.2Rs

Step-by-step Explanation :

Given : Principal (P) = 8000Rs

Rate of interest (R) = 4.5%

Time (n) = 2years

To find : Amount and Compound interest = ?

We know that,

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

Substituting the given value in above formula we,

Amount = 8000 × ( 1 + 4.5/100 )²

= 8000 × ( 104.5/100 )²

= 8000 × (1.045)²

= 8000 × 1.1

= 8736.2 Rs

Amount = 8736.2 Rs

Also,

Compound Interest (C.I) = Amount - Principal

Substituting the value in above formula we get,

C.I = 8736.2 - 8000

= 736.2 Rs

Hence the amount is 8736.2 Rs and Compound Interest is 736.2Rs