Question

find the compound interest on rs 8000 at the rate of interest 4%per annum for the year of 2 years compounded annually​

Answer 1

Answer:

652.8 rs

Step-by-step explanation:

Principal = 8000

rate = 4%

time = 2 years

So

=> total amount = 8000×104/100×104/100

=> 8000×26/25×26/25

=> 320×26×26/25

=> 8652.8

So ci = amount - principal

=> 8652.8 -8000 = 652.8