Saved Bookmarks
| 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 |
|