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13. A person borrowed 8,000 to buy a
machine. If the rate of compound interest is
10p.c.p.a. what amount will he pay at

By Amelia

13. A person borrowed 8,000 to buy a
machine. If the rate of compound interest is
10p.c.p.a. what amount will he pay at the
end of 2 years?
​

About the author
Amelia

35x(-47)+(-47)x(-50)
..
solve it..with suitable propertie​

a
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What should be added to 3x²- 2x + 5 to get 6x²- 5?​

2 thoughts on “13. A person borrowed 8,000 to buy a<br />machine. If the rate of compound interest is<br />10p.c.p.a. what amount will he pay at”

  1. Answer:

    Rs. 9660

    Step-by-step explanation:

    Principal = 8000

    Rate = 10

    Time = 2y

    For first year:

    [tex]\frac{8000 x 10}{100}[/tex]

    [ We cut 00 of 100 and 8000]

    = 80 x 10

    = 800

    So after first year the amount to pay turns into Rs. 8800.

    Second year:

    [tex]\frac{8800 x 10}{100}[/tex]

    [ We cut 00 of hundred and 8800]

    = 88 * 10

    = 880

    Amount to pay after second year is 9660

    Reply

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