Question

The compound interest on R.S 50,000 at 8% for annum 2 yearscompound annually is

Answer 1

Answer:

amount = 51000, interest = 1000

Step-by-step explanation:

Answer 2

Answer:

compound interest for 2 yrs at 8% is = 8320

Step-by-step explanation:

for the 1st year p= 50000

50000 * 8/100 = 4000

now p= 50000+4000 = 54000

for the second year = 54000* 8/100

                                  = 4320

now p= 54000+ 4320

          = 58320

C.I= total amount - p

    = 58320- 50000

    = 8320