Question

find the amount compound interest on a sum of rupees 8000 at 5% per annum for 3 years compounded annually

Answer 1

Hey mate here is the answer ☺☺

step-by-step explanation:

Principal = RS. 8000

Rate of interest = 5%

Time = 1 yr......

si = p*r*t/100

SI = 400

amount = si + principal

= 8000+400

RS. 8400

for 2 ND year....

principal = RS. 8400

sI =p×r×t/100

SI = RS. 420

amount = si + principal

= RS.8820

For 3rd year

principal = rs. 8820

SI = 8820×5×1/100

SI = RS. 441

amount = principal + si = RS.9261

Compound interest = principal - si

RS. 9261-8000

RS. 1261

Hope it will help You

plz mark it as brainliest ❤ ❤

@ be brainly ☺ ☺