Question

TRY THESE
Find CI on a sum of 8000 for
2 years at 5% per annum
compounded annually.​

Answer 1

Answer:

for 1st year

p=8000rs

c.i=8000×5/100=400rs

amount=8000+400=8400rs

for 2nd year

p=8400rs

c.i=8400×5/100=420rs

amount=8400+420=8820rs