Question

Pankaj below 8000 rupees for 2 years at 15% per annum calculate the amount interest which is compounded annually

Answer 1

Principe =8000
Time=2 year
Rate=15 p. a
Amount =?
A=p(1+r/100)time
Amount =8000(1+15/100)2time
800*150/100*150/100
Amount = 1800.0 Ana
Hope it will help you