Maria invested ₹ 8,000 in a business. She would be paid interest at 5% per annum compounded annually. Find. The amount credited against her name at the end of the second year

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Harshit Singh · Answer

Dear Student P =₹8,000 R = 5% per annum n = 2 years Amount, A =P (1 +R/100 )^n =₹ [8000(1+5/100 )^2] =₹ [8000 &times; (105/100)^2] =₹8820 ​Thanks

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Maria invested ₹ 8,000 in a business. She would be paid interest at 5% per annum compounded annually. Find. The amount credited against her name at the end of the second year

Maria invested ₹ 8,000 in a business. She would be paid interest at 5% per annum compounded annually. Find.
The amount credited against her name at the end of the second year

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Maria invested ₹ 8,000 in a business. She would be paid interest at 5% per annum compounded annually. Find. The amount credited against her name at the end of the second year

Maria invested ₹ 8,000 in a business. She would be paid interest at 5% per annum compounded annually. Find. The amount credited against her name at the end of the second year

1 Answers

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Other Related Questions on 8 grade maths

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Maria invested ₹ 8,000 in a business. She would be paid interest at 5% per annum compounded annually. Find.
The amount credited against her name at the end of the second year