Question

let us write by calculating compound interest on ₹8000 for 2 and half years at the rate of 5% compound interest per annum​

Answer 1

Answer:

80,000 amount to Rs. 96800 in 2 years at the rate of 20% p.a., if interest is compounded half yearly.

Answer 2

Answer:

C. I = 1051.26568

Explanation in the attachment.