calculate the amount and compound interest on rupees 4000 at the rate of 8% per annum compounded annually for 2 years

Step-by-step explanation:

To calculate the compound interest we use the formula

Where

A is the amount

P is the principal

C is the compound interest

To find the amount we use the formula

where P is the principal

r is the rate

n is the period

From the question

P = 4000 rupees

rate = 8%

n = 2 years

Substitute the values into the above formula

That's

A = 4665.6

Since the amount is found we can now find the compound interest

C = 4665.60 - 4000

C = 665.6

Hope this helps you

addition

step-by-step explanation:

step-by-step explanation:

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