Question

find the amount if principal= 60000, rate of interest = 8 pcpa, number of years = 2 ( use compound interest formula)​

Answer 1

Step-by-step explanation:

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

= 60000(1+8/100)^2

=60000×(108/100)(108/100)

=6×108×108

=69984 rupees

Answer 2

Answer: Amount =69984/-

Step-by-step Explanation:

Given,

P=60000

R=8%(Pa)

n=2

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

=60000(1+8/100)²

=60000x108/100x108/100

=6x108x108

=69984/-

Therefore, amount=69984