Question

The amount in rs 10000 for 2 years at 8% per annum compounded annually is

Answer 1

Answer:

1600

Step-by-step explanation:

annual=principal ×rate×time/100=1600

Answer 2

Answer:11664.

Step-by-step explanation:

Given,

Principal = 10000

Time = 2 Years.

R.O.I = 8% p.a.

For 1st Year,

10000*1*8/100 = 800.

Principal For 2nd Year = 10000 + 800 = 10800.

For 2nd Year,

10800*1*8/100 = 864.

Amount At The End Of 2nd Year = 10800+864 = 11664.