Question

what is a amount of rs 10000 at compound interest 8% rate for 2 years​

Answer 1

Answer:

amount is rupees 16000

Step-by-step explanation:

simple interest = prt/100

= 10000*8*2/10

= ₹ 16000

Answer 2

Given :

Principal = 10000

Rate of interest = 8%

No of years = 2

______________________

Amount = P( 1 + R/100) ^N

Amount = 10000(1 + 8/100)^2

Amount = 10000 × 108/100 × 108/100

Amount = 11,664

Therefore, amount is Rs. 11664

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