What amount Heena has to pay at the end of 2 years on a sum of Rs 20,000 at an interest of 8% compounded annually?. Single choice.
(1 Point)
Rs 23328
Rs 23000
Rs 23350
RS 21632
Answers
Answered by
1
Answer:
23328
Step-by-step explanation:
formula=A=[1+R/100]^n
=20000(1+8/100)^2
=20000×[108/100]^2
=20000×11664/10000
here we can cut 4 0s
therefore 2×11664
=23328
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