Itzcandygirl Itzcandygirl

05-07-2021
Mathematics

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

Respuesta :

VirαtKσhli VirαtKσhli

05-07-2021

Answer:

Rs 968

Step-by-step explanation:

Given :-

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

To Find :-

Compound Interest .

Solution :-

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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