pls guys help i got my answer i just wanna check
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Here Principal for the first year=20000
Interest for the first year=20000*8*1/100
=1600
Amount at the end of the first year=20000+1600
=21600
Principal for the second year =21600
Interest for the second year=21600*8*1/100
=1728
And the total amount=21600+1728
=23328
Interest for the first year=20000*8*1/100
=1600
Amount at the end of the first year=20000+1600
=21600
Principal for the second year =21600
Interest for the second year=21600*8*1/100
=1728
And the total amount=21600+1728
=23328
mistt:
its wrong i think cause u need u find compound interest not simple
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