Question

Find the compound interest on ₹20000 at 8p.c.p.a for 2 years.​

Answer 1

Step-by-step explanation:

Here ,

principle = Rs . 20000

Rate = 8 % p.a

Time = 2 years

C.I = P×R×T ÷ 100

C.I = 20000 × 8 × 2 ÷ 100

C.I = 200 × 16

C.I = 3200 ( ans )