Question

find the amount and the compound interset on rs 8000 for 2 years at 6% per annum , compounded interset

Answer 1

Answer:

c I is p×r×t

Step-by-step explanation:

so it will be 8000×6×2

so it will be it is wroonge

Answer 2

Answer:

9592

Step-by-step explanation:

Given

Present value P=₹ 8000

Interest rate for the first year, p=9% per annum

Interest rate for the second year, q=10% per annum

So, Amount can be calculated using:

Amount (A)=P×(1+p/100)×(1+q/100)

Now substituting the values in above formula we get,

⇒A=8000×(1+9/100)×(1+10/100)

⇒A=8000×(109/100)×(11/10)

⇒A=8×109×11

⇒A=₹ 9592.