Q1 of 30 Page 125

Use the formula to find the amount and the compound interest.

Given: Principal (P) = Rs. 8000, Rate of Interest (R) = 10% and Number of years (n) = 2year

As Amount (A):





⇒ A = Rs. 9680


As compound interest (CI),


CI = A - P


CI = 9680 - 8000


⇒ CI = Rs.1680


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