find the compound interest on rupees 10000 for two years at 8% per annum compounded annually.
Answers
Answered by
3
interest in 1st year= 10000×8%=800
interest in 2nd year=10000×8%+800×8%
800+64=864
so, the Total interest=800+864=₹1664
interest in 2nd year=10000×8%+800×8%
800+64=864
so, the Total interest=800+864=₹1664
Similar questions