Question

Find the compound interest on Rs.800 @ 6% p.a. for 4 years?​

Answer 1

Step-by-step explanation:

CI = A - P

=> {P(1+R/100)ⁿ} - P

=> {800(1+6/100)⁴} - 800

=> {800(106/100)⁴} - 800

=> {800(53/50)⁴} - 800

=> (800×53/50×53/50×53/50×53/50) - 800

=> 1009.98 - 800

=> 209.98