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23 August, 16:07

What will be the amount and compound interest, if Rs. 5000 is invested at 8% per annum 2 years?

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  1. 23 August, 19:48
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    Step-by-step explanation:

    formula. - p (1+r/100) ^n

    principle=5000

    rate=8%

    years (n) = 2

    5000 (1+8/100) ^2

    5000*108/100*108/100

    5*108/10*108

    =5832 (amount)

    compound interest

    5832-5000=832
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