Question

using the formula calculate compound interest and amount of principal= rs 8000, rate= 5/2, time​

Answer 1

Refer to the attachment please

Answer 2

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Principal for the first year=Rs.8000

Interest for the first year =

PRI÷100

=(8000×1×5)÷200

=Rs .120

Principal for the second year=Rs.8120

Interest for the second year=

=(8120×1×5)÷200

=Rs.406

Amount at the end of second year=

8120+406

=Rs.8526

C.I.=8126-8000=126