*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» ★ Given : PRINCIPAL is RS 10000 by compound interest at 8% rate for 2 years. $\:$ ★ To find : Amount $\:$ ★ SOLUTION : $\:$ Principal = ₹10000 Rate of interest = 8% Time = 2 years. $\:$ $\underline{ \boxed{ \sf{ \red{Amount = P \bigg(1 + \dfrac{rate \: of \: intrerst}{100 }{ \bigg)}^{n} }}}}$ $\:$ $: \sf \implies10000 \bigg(1 + \dfrac{8}{100} { \bigg)}^{2}$ $\:$ $: \sf\implies10000 \bigg(\dfrac{108}{100} { \bigg)}^{2}$ $\:$ $: \sf\implies10000 \times \dfrac{108}{100} \times \dfrac{108}{100}$ $\:$ $: \sf\implies108 \times 108$ $\:$ $: \sf\implies11644$ $\:$ ━━━━━━━━ ${ \boxed {\color{blue}{ \mathfrak{ \therefore \: the \: amount \: is \: Rs. 11644}}}}$ ━━━━━━━━