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??? Find the amount and the compound interest on ?8000 for 4 years at 10% per annum, interest reckoned yearly.

Dear student,

Principal, P=Rs 8000Rate, R=10%Time, T=4 yearsAmount, A=P1+R100n= 80001+101004=8000×110100×110100×110100×110100=Rs 8×11×11×11×1110=Rs 11,712.8CI=A-P=11,712.8-8000=Rs 3,712.8

Regards

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  1. amount=P x (1+R/100)4? 
                       =8000 x (1+10/100)4             
   
                      =8000 x (110/100)4
  •              =8000 x (11/10)
                           =8000 x 14641/10000
    amount        =8 x 1.4641
                       =Rs 11712.8
     CI= AMOUNT -PRINCIPAL
         =11712.8-8000
         =Rs 3712.8
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