to start a business Shalaka has taken a loan of rupees 8000 at the rate of 10 one by two percent per annum after 2 years how much compound interest will she have to pay
Answers
Answered by
0
She has to pay 8820 amount and 820 CI
ritika214541:
pllz try again
tomorrow is my paper
bro the edit time is over
And are you in podar international school
no
i Am in Jawaharlal Darda convent
ok
thanks
oh
and welcome
Answered by
0
Answer:
Step-by-step explanation:
Formulae of compound interest is
Amount =Principal + Interest
Therefore Amount = P (1 + r)t
Loan in Rupees= INR 8000
Rate of Interest= 10 ½
Time=2 years
Thus according to the formula A= 11,712.80
We know, A= Principal + Interest
Here, Principle= INR 8000
Interest= 3712.80
We have considered that the interest have been compounded annually
Similar questions