Question

find the amount when the interest is compounded annually p=8000,T=2year ,R=8%per annum​

Answer 1

Answer:

its easy

Step-by-step explanation:

Given that P = Rs 8000 , n = 2 and R = 9%.

A = P ( 1 + R / 200)

2n

A = 8000( 1 + 4.5 / 200)

2

A = 8000 x (204.5 / 200) x (204.5 / 200)

A = Rs 8364.05

Hence Interest = Rs 8364.20 - 8000 = Rs 364.05

hope its clear.

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