If Sukriti borrows 8000 for two years at the rate of 10% per annum compound interest, then the amount to - Maths - Circles

Question

If Sukriti borrows 8000 for two years at the rate of 10% per annum compound interest, then the amount to  - Maths - Circles

Varun.Rawat · Accepted Answer

We have,Priincipal, P = Rs 8000Rate, R = 10% p
aTime, n = 2 yrsNow, amount, A = P1 + R100n=80001 + 101002=8000 × 1110×1110=Rs 9680

. . If Sukriti borrows 8000 for two years at the rate of 10% per annum compound interest, then the amount to be paid by her at the end of two years to clear the debt is .(a) {8800 (d) 102400 (c) e 9680 (b) 0600