Find the amount and the compound interest on rupees 8000 for 2 years a

1.	Find the amount and the compound interest on rupees 8000 for 2 years at 6 percent per annum, compounded annually
Answer» Answer: =. 820. Step-by-step EXPLANATION: PRINCIPAL = 8000 rate = 5% time = 2 years ( 2 TERMS) Amount = P(1+ R/100)^N = 8000(1+5/100)² = 8000* (1+1/20)² = 8000 ( 21/20)² = 8000 441/400 = 20 * 441 = 8820 /- :. CI = Amount - Principal = 8820 - 8000 =. 820.

Find the amount and the compound interest on rupees 8000 for 2 years at 6 percent per annum, compounded annually

Answer»

Answer:

=. 820.

Step-by-step EXPLANATION:

rate = 5%

time = 2 years ( 2 TERMS)

Amount = P(1+ R/100)^N

= 8000(1+5/100)²

= 8000* (1+1/20)²

= 8000 *( 21/20)²

= 8000 * 441/400

= 20 * 441 = 8820 /-

:. CI = Amount - Principal

= 8820 - 8000

=. 820.