Find the compound interest when principal is Rs 8000, rate= 5% time = 2 years,.
Answers
Answered by
1
Step-by-step explanation:
Compound interest (C.I)=P[(1+100r)t−1]
P= Principal r= rate, t= time
⇒ C.I. =8000[(1+1005)2−1]
=8000[100025+10010]=8000[1000025+1000]
⇒C.I=108[1025]=14.820.
Answered by
7
Answer:
8800
Step-by-step explanation:
simple interest =PxRxN/100=8000x5x2/100=800
Amount =P+I=8000+800 RS =8800
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