1.

What is the amount for Rs. 10000 by compound interest at 8% rate for 2 years?​

Answer» REST for 1st year = 10000×1×8/100=800

Amount at END of 1st year = 10000 + 800 = 10800

Principal for 2ND year = 10800

Interest for 2nd year = 10800×1×8/100 = 108

Amount at the end of 2nd year = 10800 + 108 = 10908

hope it helps



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