Question

find the compound interest on rupees 1240 at 8% for 2years compounded annually​

Answer 1

Step-by-step explanation:

Given,

P 1240

R 8%

T 2 yrs

amount = p( 1 + r / 100) ^2

1240 (1 + 8/100)^2

= rs1446 . 336

Answer 2

Step-by-step explanation:

By formula, A=P(1+R/100)^n

=1240(1+8/100)^2

=1240×108/100×108/100=1446.336

Compound Interest =A-P

=₹1446.336-1240

=₹206.336 Ans.

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