Question

find the compound intrest on rs. 80,000 at the rate of 15%p.a. for two years, when the interest is compound annually

Answer 1

hope it may help......

Answer 2

I=80000*15*1/100=800*15=12000
Principal for 2nd year=80000+12000=92000
interest=92000*15*1/100=13800
A=92000+13800=105800
CI=105800-80000=25800