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A man invested Rs. 8000 for 2 years at 9% per annum, compounded annually. Calculate |
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Answer» Answer: Compound Interest, 100 Rate
) Time
Compound Interest = Amount- Principal Therefore, in this case, since the interest is compounded annually the time =2.5 YEARS and rate =4.5% PER half year Amount=8000(1+ 200 9
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Amount =8736.20 Compound Interest = Amount - Principal =8736.20−8000=Rs.736.20 please mark me as brianliest |
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