CBSE · Class 8 · Mathematics · Comparing QuantitiesFind the amount to be paid at the end of 2 years on ₹8,000 at 5% per annum compounded annually.
Step-by-Step Solution
A = P(1 + R/100)^n = 8000 × (1 + 5/100)^2 = 8000 × (21/20)^2 = 8000 × (441/400) = ₹8,820.
Detailed Options Breakdown
Option : ₹8,800
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Comparing Quantities.
Option 1: ₹8,820 (Correct Answer)
Correct choice. Refer to the step-by-step verified solution guidelines above for details.
Option 2: ₹8,400
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Comparing Quantities.
Option 3: ₹9,000
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Comparing Quantities.
💡 Study Guide: This question tests core syllabus concepts from Comparing Quantities. For formulas, key summaries, and mock exam reference guides, read the full Comparing Quantities Revision Notes.