Question

Find the compound interest on 5,000 at 8% per
annum for 2 years.
​

Answer 1

Answer:

Rs.832

Step-by-step explanation:

P=Rs.5000,r=8%,t=2

CI=P[1−(1+r/100)^t]

⟹CI=5000[1−(1+8/100)^2}

⟹CI=Rs.832