1. There is 100% increase to an amount in 8 years, at simple interest. Find the compound interest of Rs. 8000 after 2 years at the same rate of interest.
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By: anil on 05 May 2019 01.55 am
I = PTR/100 there is 100% increase in amount means, interest = principle. given, T = 8yrs. I = P P = P*8*R/100 R = 12.5% compound interest of 8000/- at 12.5% for 2 years is CI = total amount - 8000/- = P$$(1+R/100)^{n}$$ - 8000/- = 8000$$(1+12.5/100)^{2}$$ - 8000/- = 10125 - 8000 = 2125/- so the answer is option D.
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