which of the following is amount received on rupees 8000 at 8% per annum after 2 years compounded yearly
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Answered by
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Answer:
9331.2 will be the answer
Step-by-step explanation:
Answered by
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Step-by-step explanation:
A = P ( 1 + r/n ) x nt
= 8000 ( 1+ 8/100 x 2) x 2 x 2
= 8000 ( 208/200) x 4
= 16000 x 208/200
= 208 x 80
= 1664 Rs
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