Question

Find the compound interest on Rs 8000 at 5% for 2 yrs​

Answer 1

compound interest is 820/-

Answer 2

*Question: ☝️☝️☝️☝️

Find the compound interest on Rs 8000 at 5% for 2 yrs.

*Answer:

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principal = Rs 8000

rate = 5 °/• per annum

time = 2 years

=> Compound Interest ( C.I )

$= \:p (1 + \frac{r}{100} {)}^{t} - 1$

p = Principal

r = rate

t = time

$= > c.i = 8000(1 + \frac{5}{100} {)}^{2} - 1$

$= > \: 8000 ( \frac{25}{1000} + \frac{10}{100})$

$= > 8000( \frac{25 + 1000}{10000} )$

$= > c.i = \frac{8}{10}(1025)$

C.I = Rs 14.280.

Hope it helps you.

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