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

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

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  1. 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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