Question

Find the amount and the compound intrest on 8000 at 5 % per annum for 2 yrs. plzz dont spam​

Answer 1

Answer:

820

Step-by-step explanation:

Principal = 8000

rate = 5%

time = 2 years ( 2 terms)

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

= 8000(1+5/100)²

= 8000* (1+1/20)²

= 8000 *( 21/20)²

= 8000 * 441/400

= 20 * 441 = 8820 /-

:. CI = Amount - Principal

= 8820 - 8000

=. 820.

Hope it Helps