Question

Find the amount for rupees 15000 and 8 percent per annum compounded annually for two years

Answer 1

Compound interest will be 2496₹ and the total amount will be 17496₹

Answer 2

Here is your answer

A = 15000(1+8/100)*2

A = 15000 (108/100)*2

A = 15000 x 108 x 108 / 10000

A = 17496

Amount = Rs 17496 Answer

Hope it helps you