Question

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

Answer 1

I= 8000*5*2/100
 =800
for C.I:1st year
 =8000*5*1/100=400
amt=8400
for C.I : 2nd year
  =8400*5*1/100
 =420
amt=8400+420
     =8820