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- What would be the compound interest accrued on an amount of 8000 Rs.
Question 1:
What would be the compound interest accrued on an amount of 8000 Rs. at the end of 2 years at the rate of 5 % per annum? A. 8920
B. 8820
Feedback Given principal = 8000.
No. of years = 2
Rate of interest = 5.
Amount = P x (1+r/100)^n,
we get Amount = 8000 x (1+5/100)^2 .
Ans : 8820
No. of years = 2
Rate of interest = 5.
Amount = P x (1+r/100)^n,
we get Amount = 8000 x (1+5/100)^2 .
Ans : 8820
C. 8780
D. 8810
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