Question

if the simple interest on a sum of 2 year at 10%p.a 1000 and the sane amount is borrowed for 2 yeArs and 8%p.a and compounded annually than find the compound interest and the amount to be paid after 2 year ?​

Answer 1

Step-by-step explanation:

1000(1+8/100)²

1000*118/100*118/100=1392.4