Question

if the simple interest on a sum for 2 years at 10 % p.a. is Rs 1000 and the same amount is borrowed for 2 years at 8% and compounded annually then find the compound interest and the amount to be paid after 2 years​

Answer 1

Step-by-step explanation:

PRT /100 = 1000×10×2/100=200

2. PRT/100=1000×2×8/100=160

INTREST =200+160= 760

Amount = 1000+760=1760

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