Math, asked by unknowngamerag9, 18 days ago

Hey!!!

Find the compound interest on a sum of Rs. 8000 for 2 years at 5% per annum

compounded annually.​

Answers

Answered by Queencutiepie326
2

Step-by-step explanation:

We have P = Rs 8000, R = 5% p.a., T = 2 years

A = P[1 + R/100]^n

A = 8000[1 + 5/100]^2

= 8000[21/20]^2

= Rs 8820

Now, compound interest = A - P

= Rs 8820 - Rs 8000

= Rs 820

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Answered by divergent07
2
Compound interest is rs. 820
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