Maria invested Rs 8,000in a business. She would be paid interest at 5%

1.	Maria invested Rs 8,000in a business. She would be paid interest at 5% per annum compoundedannually. Find.(i) The amount creditedagainst her name at the end of the second year(ii) The interest forthe 3rd year.
Answer» Maria invested Rs 8,000 in a business. She would be paid interest at 5% per annum compounded annually. Find. (i) The amount credited against her name at the end of the second year (ii) The interest for the 3^rd year.

Maria invested Rs 8,000in a business. She would be paid interest at 5% per annum compoundedannually. Find.(i) The amount creditedagainst her name at the end of the second year(ii) The interest forthe 3rd year.

Answer»

Maria invested Rs 8,000
in a business. She would be paid interest at 5% per annum compounded
annually. Find.

(i) The amount credited
against her name at the end of the second year

(ii) The interest for
the 3^rd year.