what is a amount of rs 10000 at compound interest 8% rate for 2 years​

what is a amount of rs 10000 at compound interest 8% rate for 2 years​

About the author
Ximena

2 thoughts on “what is a amount of rs 10000 at compound interest 8% rate for 2 years​”

  1. Given :

    Principal = 10000

    Rate of interest = 8%

    No of years = 2

    ______________________

    Amount = P( 1 + R/100) ^N

    Amount = 10000(1 + 8/100)^2

    Amount = 10000 × 108/100 × 108/100

    Amount = 11,664

    Therefore, amount is Rs. 11664

    THANK YOU!

    HOPE IT HELPS YOU!

    Reply

Leave a Reply to Sadie Cancel reply