Math, asked by kiranthakor4277, 6 months ago

R
75
P Р
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?​

Answers

Answered by CallMeVISWA
3
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
Mark me as brainlist plz
Similar questions