Accountancy, asked by hafsa6129, 11 months ago

What is compound interest on an amount 10000 at 8% per annum for 2 years?

Answers

Answered by jitendra6672
1

Given,

Principal(p) = 10000

Rate of interest (r) = 8%

No of years(n) = 2yrs

A=P(1 + r/100)^n

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

A=11664

CI =A - P

CI =11664 - 10000

CI =1664

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Answered by itzkarina
1

Answer:

refer attachment ☺☺.......

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