Question

The compound interest on 5000rs at 8%per annuum for 2 years,compounded annually is​

Answer 1

Answer:

5822

Step-by-step explanation:

P ₹5000

R- 8%

T-2 YEARS

CI=P(1+R/100)^2

CI-5000(1+8/100)^2

CI=5000(108/100)^2

CI -5000×11664/10000

-5822

Answer 2

P=$5000

R=8%

N=2YEARS

CI=P(1+R/100)^N

=5000(1+8/100)^2

=5000(108/100)^2

=5000*108/100*108/100

=$5832

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