1.

8000 is invested in a bank at 5% interest rate per annum find the amount obtained at the the end of 2 years​

Answer»

ANSWER:

Amt invested = 8000

interest rate PER ANNUM = 5 %

S.I = P × R×T/ 100 = 8000× 5 × 1/100= 80×5×1/1=80×5×1= 400

8000+ 400= 8400 for 1 YEAR

the next year PRINCIPAL will be 8400

S.I = P×R×T/100 = 8400 ×5×1/100=84×5×1/1= 84×5×1= 420

Therefore, 8400 + 420 = 8820 for 2 years investment

Step-by-step explanation:

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