Principle is ₹40000. Rate of interest 8% p.a. compounded annually. Time is 2 years. Find compound interest.
Answers
Answered by
1
Answer:
6656 Rs
Step-by-step explanation:
A= P (1+ R/100)^2
A= 40000 (1+8/100)^2
A= 40000 (100/100 +8/100)^2
A= 40000 (108/100)^2
A= 40000*108/100*108/100
Amount= 46656
CI= A-P
CI= 46656-40000
Compound Interest= 6656 Rs
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Answered by
0
Answer:
given: P = Rs 40000
R = 8% p.a.
N (no.of years) = 2 years
to find : C.I.
Solution :
A = P( 1 + R/100 )^N
= 40000( 1+ 8/100)^2
=40000(27/25)^2
= 64*27*27
=46656
but , C.I. = A - P
= 46656 - 40000
=6656 Rs
therefore compound interest is Rs 6656
hope this helps !!!
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