The Compound Interest on Rs. 8000 at the rate of 5% p.a. For 2 years is equal to?
Answers
Answered by
4
Answer:
Solution:
Amount = P(1+r/100)^n
Amount = 8000 (1+5/100)^2
= 8000 × 21/20 × 21/20
= ₹ 8,820
Compound Interest = Amount - Principal
= 6,760 - 6250
= ₹ 510
Hope it will be helpful :)☺️
Answered by
5
Answer:
principal = 8000
rate = 5%
time = 2 years ( 2 terms)
Amount = P(1+ R/100)^n
= 8000(1+5/100)²
= 8000* (1+1/20)²
= 8000 *( 21/20)²
= 8000 * 441/400
= 20 * 441 = 8820 /-
:. CI = Amount - Principal
= 8820 - 8000
=. 820.
Harshita here ❤️
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