Question

The rate of interest per annum that will yield ₹800 as simple interest on ₹ 8000 in 2 years. find out how much ₹ 10000 will amount to in 2 years at the same rate of interest compounded annually.​

Answer 1

Answer:

An interest rate is the amount of interest due per period, as a proportion of the amount lent, deposited or borrowed. The total interest on an amount lent or borrowed depends on the principal sum, the interest rate, the compounding frequency, and the length of time over which it is lent, deposited or borrowed

Step-by-step explanation:

hope it helps u