Question

Naman borrowed ₹8200 from a financing company for 2 years at 5%per annum. calculate the compound interest payable at the end of the term​

Answer 1

Answer:

C.I.= ₹840.5

Step-by-step explanation:

Amount=Principal (1+Rate/100)^Years

Amount= 8200 (1+5/100)^2

Amount=₹9040.5

Compound Interest=Amount-Principal

9040.5 - 8200 = ₹840.5

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