Question

What Is the Amount of Rs 10000 By Compound Interest At 8% Rate For 2 Years​

Answer 1

Answer:

Solution. ∴ Compound interest is ₹ 1698.58.

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Answer 2

Answer:

principal = rs. 10000

Rate of interest = 8%

Number of years = 2

Amount = P( 1 + R/100) N

Amount = 10000(1 + 8/100) ²

Amount =10000 ×108/100×108/100

Amount = 11,664

Amount = Rs. 11664

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