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find the compound interest on rs 800 for 2 years at 8% per annum interest being payable annually​

Sagot :

VirαtKσhli

Answer:

Rs 968

Step-by-step explanation:

Given :-

  • P = Rs 800
  • Rate = 8%
  • Time = 2 yrs .

To Find :-

  • Compound Interest .

Solution :-

We know CI as ,

> CI = P ( 1 + R/100)ⁿ

> CI = Rs 800 ( 1 + 10/100)²

> CI = Rs 800 × 11/10 × 11/10

> CI = Rs 968 .

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