What is compound interest on an amount 10000 at 8% per annum for 2 years?
Answers
Answered by
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
Hope you will understand
Follow me
Answered by
1
Answer:
refer attachment ☺☺.......
Attachments:
Similar questions