shalaka has taken a loan of 8000 rs at a rate of 10.5 p.c.p.a . after a 2 years how much compound interest will she have to pay? ​

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1. Answer:

   = (1/5) x 221 x 221

   = 0.2 x 48841 = Rs 9768.20

   I = Amount (A) – Principal (P)

   = 9768.20 – 8000 = Rs 1768.20

   ∴ After two years Shalaka will have to pay Rs 1768.20 as compound interest

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