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andrew-mc [135]
3 years ago
12

Find the compound interest on rs 800 for 2 years at 8% per annum interest being payable annually​

Mathematics
1 answer:
cluponka [151]3 years ago
5 0

Answer:

Rs 968

Step-by-step explanation:

<u>Given</u><u> </u><u>:</u><u>-</u><u> </u>

  • P = Rs 800
  • Rate = 8%
  • Time = 2 yrs .

<u>To </u><u>Find</u><u> </u><u>:</u><u>-</u><u> </u>

  • Compound Interest .

<u>Solution</u><u> </u><u>:</u><u>-</u><u> </u>

We know CI as ,

> CI = P ( 1 + R/100)ⁿ

> CI = Rs 800 ( 1 + 10/100)²

> CI = Rs 800 × 11/10 × 11/10

> CI = Rs 968 .

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