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8. Amian lends? 50,000 at compound interest at 8% per annum. If the interest is reckonedhalC geatywhat anpount will he receive at the end of 2 years? Find also the compound interest he re |
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Answer» A=P(1+r/200) raised to 2 A=50000(1+8/200)^2 A=50000(1+1/25)^2 A=50000*26/25*26/25 A=25000*26*26/25 A=1000*26*26 A=1000*676 A=676000 CI=A-P CI=676000 - 50000 CI=626000 rupees |
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