shalaka has taken a loan of 8000 rs at a rate of 10.5 p.c.p.a . after

1.	shalaka has taken a loan of 8000 rs at a rate of 10.5 p.c.p.a . after a 2 years how much compound interest will she have to pay?
Answer» ong>Answer: = (1/5) x 221 x 221 = 0.2 x 48841 = RS 9768.20 I = Amount (A) – PRINCIPAL (P) = 9768.20 – 8000 = Rs 1768.20 ∴ After two years Shalaka will have to PAY Rs 1768.20 as compound INTEREST

shalaka has taken a loan of 8000 rs at a rate of 10.5 p.c.p.a . after a 2 years how much compound interest will she have to pay?

Answer»

ong>Answer:

= (1/5) x 221 x 221

= 0.2 x 48841 = RS 9768.20

I = Amount (A) – PRINCIPAL (P)

= 9768.20 – 8000 = Rs 1768.20

∴ After two years Shalaka will have to PAY Rs 1768.20 as compound INTEREST