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find the compound interest on rs 800 for 2 years at 8% per annum interest being payable annually
Question
find the compound interest on rs 800 for 2 years at 8% per annum interest being payable annually
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Mathematics
3 years
2021-07-31T15:21:12+00:00
2021-07-31T15:21:12+00:00 1 Answers
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Answers ( )
Answer:
Rs 968
Step-by-step explanation:
Given :–
To Find :–
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 .