*What is the amount for Rs. 10000 by compound interest at 8% rate for

1.	What is the amount for Rs. 10000 by compound interest at 8% rate for 2 years? 1️⃣ ₹ 50002️⃣ ₹ 116643️⃣ ₹ 156644️⃣ ₹ 10664
Answer» Answer: Amount = Rs. 11664 Step-by-step explanation: GIVEN: PRINCIPAL amount (P) = Rs. 10000 Rate of INTEREST (r) = 8% Time (n) = 2 years To Find: Amount (A) Formula used: $\implies{\sf{Amount\;(A)=P\Bigg(1+\dfrac{r}{100}\Bigg)^{n}}}$ Put the values in the formula, $\implies{\sf{Amount\;(A)=P\Bigg(1+\dfrac{r}{100}\Bigg)^{n}}}$ $\implies{\sf{Amount\;(A)=10000\Bigg(1+\dfrac{8}{100}\Bigg)^{2}}}$ $\implies{\sf{Amount\;(A)=10000\Bigg(\dfrac{100+8}{100}\Bigg)^{2}}}$ $\implies{\sf{Amount\;(A)=10000\Bigg(\dfrac{108}{100}\Bigg)^{2}}}$ $\implies{\sf{Amount\;(A)=10000\Big(1.08 \Big)^{2}}}$ $\implies{\sf{Amount\;(A)=10000\times 1.08\times 1.08}}$ $\implies{\boxed{\sf{Amount\;(A)=Rs.\;11664}}}$