find the compound interest on ₹ 8000 for 2 years at 6% per annum
Answers
Answered by
0
Answer:
Principle : 8000
time : 2yrs
Rate: 6%
Therefore,
SI = p x r x t / 100
therefore, si = 960
SI = 960
Amount = 8960
Answered by
0
Answer:
Step-by-step explanation:
Given that,
Principal = P = ₹ 8000
Time = T = 2 years
Rate = R = 6%
∴ Compound Interest = C.I.
A = P [ 1 + R/ 100]power n
= 8000 [ 1 + 6 / 100 ]²
= 8000 [ 100 + 6 / 100 ]²
= 8000 [ 106 / 100 ]²
=8000 × (106/100) × (106/100)
= 4 × 106 × 106 / 5
= 44944 / 5
= ₹ 8988. 50 is the answer.
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