Question

Try these Page 129.
Given the principal = Rs 40,000, rate of interest = 8% p.a.
compounded annually. Find
(a) Interest if period is one year.
(b) Principal for 2nd year.
(c) Interest for 2nd year.
(d) Amount if period is 2 years
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Answer 1

Answer:

a,interest if period is one year.

we get interest:38400