Question

Find the amount on Rs 8000 for 2 years at 12% per annum Compounded annually

Answer 1

amount=p{1+r/100}^n

p=8000

r=12%

n=2 years

a=8000{1+12/100}^2

( solve this and you will get your answer)

answer= 10,035. 2 rs.

hope it will help you

Answer 2

GIVEN :–

• Principal = 8,000

• Time = 2 years

• Rate = 12 %

TO FIND :–

• Amount = ?

SOLUTION :–

• We know that –

$\\ \large\implies{ \boxed{\bf A = P \bigg(1 + \dfrac{R}{100} \bigg)^{n}}}$

• Now put the values –

$\\ \implies\bf A = (8000)\bigg(1 + \dfrac{12}{100} \bigg)^{2}$

$\\ \implies\bf A = (8000)\bigg( \dfrac{100 + 12}{100} \bigg)^{2}$

$\\ \implies\bf A = (8000)\bigg( \dfrac{112}{100} \bigg)^{2}$

$\\ \implies\bf A = (8000)(1.12)^{2}$

$\\ \implies\bf A = (8000)(1.12)(1.12)$

$\\ \implies\bf A = (8000)(1.2544)$

$\\ \implies\bf A = (8)(1254.4)$

$\\ \implies\bf A = 10,035.2$

$\\ \large\implies{ \boxed{\bf Amount = 10,035.2 \:\:\: Rs}}$