Respuesta :

Stephen46

Step-by-step explanation:

To calculate the compound interest we use the formula

C = A - P

Where

A is the amount

P is the principal

C is the compound interest

To find the amount we use the formula

[tex]A = P(1 + \frac{r}{100} ) ^{n} [/tex]

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

[tex]A = 4000( 1 + \frac{8}{100} )^{2} [/tex]

[tex]A = 4000 ({1 + 0.08})^{2} [/tex]

[tex]A = 4000 ({1.08})^{2} [/tex]

A = 4665.6

The amount is 4665.60 rupees

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

C = 4665.60 - 4000

C = 665.6

The compound interest is

665.60 rupees

Hope this helps you

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