find the compound interest 8000 at 15% per annum for 2 years compounded anually
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Answer:
Hey there !
Feel free to ask any steps explanation>
Step-by-step explanation:
p= 8000, r= 0.15, t=2
Comp. Amt = p(1+r)^2
= 8000(1.15)^2
CA= 10580
CI = CA - P = 2580.
Answered by
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hai mate
1st year interest =1200
2nd year (8000+1200)×15/100=1380
total interest=1200+1380=2580
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