Question

What sum of money will amount to 7290 in
2 years at 8% p.a. compounded annually?​

Answer 1

Step-by-step explanation:

P= 7290

R= 8percent

T = 1 years

SI = P*R*T / 100

7290 * 8 *1 /100= 583.2

Amount = 7290+ 583.2= 7873.2

there fore 7873.2 is the next principal for 2nd year

so, p =7873.2

R = 8percent

T= 1 year

SI = P* R * T / 100

7873.2*8*1/100= 629.856

compound interest = 629.856

I Hope that it is right and helful for you

Answer 2

Answer:

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