Question

Find the amount of 8000 for 2 years at the rate of 10% per annum compounded annually.​

Answer 1

Answer:

Step-by-step explanation:

Since we have given that

Principal = Rs. 8000

Time = 2 years

Rate of interest  for the first year = 9% p.a.

Rate of interest for the second year = 10% p.a.

According to question, we get that

Amount would be Rs. 9592 for 2 years.