solve the Following P=8,000; R = 10% P. a;T=2years solve with componded annually
Answers
Answered by
3
Answer:
Here, P= Rs. 8000,R=10% per annum and n=3 years
Using the formula, A=P(1+
100
R
)
n
Amount after 3 years =8000×(1+
100
10
)
3
=8000×
10
11
×
10
11
×
10
11
=10648
Thus, amount after 3 years = Rs. 1648.
And compound interest = Rs. (10648−8000)=2648.
Answered by
0
Answer:
CI = 1680
Step-by-step explanation:
CI for 2 year formula R+R+R^2/100
10+10+10^2/100=21%
21% of 8000=1680
Similar questions