find the amount if the principal of rupees 8000 after 5 years at the rate of 13 % per annum
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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.
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.
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