Question

what will be the amount after applying the compound interest is 20000 per year at the rate 8 percentage​

Answer 1

Answer:

THE AMOUNT AFTER APPLYING THE COMPOUND INTEREST IS

Step-by-step explanation:

PxRxT/100

P=principal amount

R= rate of interest

T= time

now,

20000 x 8 x 1 divide by 100

200 x 8 x 1

= 1600

so the total amount is

= 21600