Navinborrowed₹8000attherateof10p.c.p.a.findcompoundinterest
after2years.
Answers
Answered by
1
Answer:
₹1680
Step-by-step explanation:
First year:
P=₹8000
R=10%
T=1 year
S.I=PRT/100
=8000*10*1/100
=₹800
Amount=₹8800
Second Year:
P=₹8800
R=10%
T=1year
S.I=PRT/100
=8800*10*1/100
=₹880
Amount=₹9680
C.I=Final Amount-Original Amount
=9680-8000
=₹1680
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