find the compound for ruppes 4800 for 2 years at 8%per annum compound ed annually
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find the compound for ruppes 4800 for 2 years at 8%per annum compound ed annually
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Answer:
Given:-
P=Rs.4800
n=2 years
R=5
As we know that,
A=P(1+
100
R
)
n
∴A=4800(1+
100
5
)
2
⇒A=4800(
20
21
)
2
⇒A=
20×20
4800×21×21
=5292
Therefore,
Compound interest
=A−P
=5292−4800=Rs.492
Step-by-step explanation:
Given:-
P=Rs.4800
n=2 years
R=5
As we know that,
A=P(1+
100
R
)
n
∴A=4800(1+
100
5
)
2
⇒A=4800(
20
21
)
2
⇒A=
20×20
4800×21×21
=5292
Therefore,
Compound interest of 12