Question

Mr. Mehta invested Rs. 8,000 every year at the beginning of the year, at 10% per annum compound
interest. Calculate his total savings at the beginning of the third year.

Answer 1

Answer:

hope it helps you

Step-by-step explanation:

Principle = doow -p

R = 10% pa time 2 year

A= P(1+?)ou 02

A= 8000 (1+100)

1. =8000×
2. $\frac{11}{10} \times \frac{11}{10}$

9686

Compound Interest = 9680 - 8000

1680 = saving