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Question
Alisha invested Rs 75000 for 4 years at 8 % p.a. compound interest ,
Find the amount at the end of the second year.
Solution
`"C"_1 = ("P" xx "R" xx "T")/100 = (75000 xx 1 xx 8)/100 = 6000`
`"P"_1 = 75000 + 6000 = 81000`
`"C"_2 = ("P" xx "R" xx "T")/100 = (81000 xx 1 xx 8)/100 = 6480`
`"P"_2 = 81000 + 6480 = 87480`
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