Question

Ques 1 Find 5he amount for rupees 15000 at 8 percent per annum compounded annually for two years.

Answer 1

Given,
Principal (P) = 15000
Rate (R) = 8 % p.a.
Time (T) = 2 years

Now,

Amount (A)
= P × (1 + R/100)^n

$=15000 {(1+ \frac{8}{100}) }^{2}$

$= 15000({ \frac{100 + 8}{100} )}^{2}$

$= 15000( \frac{108}{100} ) ^{2}$

$= 15000 \times \frac{108}{100} \times \frac{108}{100}$

$= \frac{174960000}{10000}$

$= 17496$

$\boxed{\red{Hence, \: the \: amount\: is \: 17496}}$