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8. COMPARING QUANTITIES
5) Rushil invested 8000 in a business. He would be paid interest at 5%
per anum compounded annually. Find the amount he will get
(1) After 2 years ?
(it) After 3 years?
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As this is a compound interest
The money becomes 8000+5% of 8000 =8400
In the second year it becomes 8400 + 5% of 8400 which is 8820
In the third year it becomes 8820 + 5% of 8820 which is 9261
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The money becomes 8000+5% of 8000 =8400
In the second year it becomes 8400 + 5% of 8400 which is 8820
In the third year it becomes 8820 + 5% of 8820 which is 9261
Mark me as brainlist plz
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