Question

find the compound interest on the sum of ₹8000 at 10% p.a compound annual for 2 year​

Answer 1

Compound Interest=P(1 + r/100)^time
Principal=8000
Rate of interest=10% per annum
Time = 2 years
Compound Interest=8000(1+10/100)^2
=8000*(1.1)^2
=8000*1.21
=₹1680