Maria invested Rs 8,000 in a business. She would be paid interest at 5% per annum compounded annually. Find(i)        The amount credited against her name at the end of the second year.(ii)        The interest for the 3rd year.

Explanation

To solve the problem step by step, we will calculate the amount credited to Maria at the end of the second year and then find the interest for the third year.

### Step 1: Identify the given values
- Principal amount (P) = Rs 8,000
- Rate of interest (R) = 5% per annum
- Time (N) = 2 years (for part i)

### Step 2: Use the compound interest formula
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