Find the compound interest on 8000 for 2 years on 10 percentage per an – InterviewSolution

1.

Find the compound interest on 8000 for 2 years on 10 percentage per annum compounded annually

Answer»

<P>Answer:

9680-8000

Step-by-step EXPLANATION:

A= P(1+r/100)

A= 8000(1+10/100)^2

A= 8000* (11/10) (11/10)

A= 9680

CI = A - P

CI = 9680-8000

CI = 1680

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