1.

Find the amount and the compound intrest on 8000 at 5 % per annum for 2 yrs​

Answer»

Answer:

Step-by-step explanation:

FORMULA For compound interest

C.A= Principal*(1+\frac{Rate}{100} )^{Time}

So, I am Given that:-

Principal= 8000

Rate=5 % p.a

Time= 2 years

To find

  1. Amount
  2. Compound Interest

Solution

By using the above formula

C.A=8000*(1+\frac{5}{100} )^{2}

So, I GET my Compound Interest as 9724.05

Also we know that

Amount = C.A - Principal

So, Amount= 9724.05-8000

Amount= 1724.05


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