Question

.
Find the compound interest when principal is Rs 8000, rate= 5% time = 2 years,​

Answer 1

Answer:

CI = ₹820

Step-by-step explanation:

Given:-

P = ₹8000

R = 5%

T (n) = 2 years

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

A = 8000(1+5/100)²

A = 8000(105/100)²

A = 8000×21/20×21/20

A = 8820

Now, CI = A-P = ₹8820-₹8000 = ₹820