Find the compound interest on Rs. 6000 for 2 years at the rate of 8% per annum
compounded annually.
Answers
Answered by
3
Answer:
A=P(1+
100
R
)
T
⇒A=6000(1+
100
9
)
2
=6000×(
100
109
)
2
= 7128.6 /-
⇒ Compound interest = A-P.
= 7128.6 - 6000
= 1128.6/-
Answered by
1
Answer:
Principal- Rs 6000
Rate-8% pa
Time- 2 years
Now,FOR THE FIRST YEAR-
Interest= P*R*T/100
6000*8*1/100 =>Rs 480
Amount=P+SI
A=480+6000 =>Rs 6480
now, Amount of 1st year = principal of 2nd year
therefore- FOR THE SECOND YEAR-
Principal= Rs 6480
Rate=8%
INTEREST=P*R*T/100
6480*8*1/100
=>Rs 518.4
amount for 2nd year= SI+P
518.4+6480=> Rs 6998.4
Compound interest after 2 year => A-P
6998.4-6000 => Rs 998.4.
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