Question No. 29
Find out the compound interest
for 2 years on Rs 4,000 @ 8% p.a.
interest by assuming interest is paid
annually
Answer
А.
Rs 665
B
Rs 680
CRs 640
D. Rs 320
Answers
Answered by
0
Answer:
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I don't get the question
Answered by
0
Answer:
665.6
Explanation:
Principal = ₹4000
Rate of interest = 8%
Time = 2
Amount = Principal (1+R/100)^Time
= 4000(1+8 /100)^2
= 4000(108/100)^2
= 4000× 108/100×108/100
= 4665.6
Compound Interest = Amount + Principal
= 4665.6-4000
= 665.6
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