Question

Find the amount and the compounded intrest on 8000 for 2yrs 8% compounded annually

Answer 1

Answer:

P= ₹8000

R= 8%

T= 2yrs

Amount = 8000( 8/10 )²

= 8000 × 8/10 × 8/10

= ₹5120

compound interest= 8000 - 5120

= ₹ 2880 .

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Answer 2

Step-by-step explanation:

Principal=8000

Rate=8%

Time=2years

A= P=(1+r/100)t

A= 8000(1+8/100)2

A= 8000(1+2/25)2

A= 8000(25+1/25)2

A= 8000(26/25)2

A= 8000×26/25×26/25

A= 64×26/5×26×1

A=43264/5

A=8652.8

C.I= A-P

C.I= 8652.8-8000

C.I= 652.8