Compound interest on rs 40000 for 2 years at 8% per annum compound ann – InterviewSolution

1.	Compound interest on rs 40000 for 2 years at 8% per annum compound annually
Answer» As PER given question,Amount for the first year:A=P(1+ 100R ) n =40000(1+8/100) 1 =40000×108/100=Rs. 43200Now, amount for the second year:A=P(1+ 100R ) n =43200(1+8/100) 1 =43200×108/100=Rs. 46656Compound INTEREST =Amount−PrincipleRs. 46656−Rs. 43200=Rs. 3456Step-by-step explanation:hope it HELPS you...pls Mark me as brainliest ALSO...

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