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A sum of Rs. 8,000 is invested for 2 yea...

A sum of Rs. 8,000 is invested for 2 years at 10% per annum compound interest. Calculate :
interest for the first year.

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To calculate the interest for the first year on a sum of Rs. 8,000 invested at a 10% per annum compound interest rate, we can follow these steps: ### Step-by-Step Solution: 1. **Identify the Given Values**: - Principal (P) = Rs. 8,000 - Rate of Interest (R) = 10% per annum - Time (T) = 1 year (since we are calculating the interest for the first year) 2. **Use the Simple Interest Formula**: The formula for calculating Simple Interest (SI) is: \[ SI = \frac{P \times R \times T}{100} \] 3. **Substitute the Values into the Formula**: Plugging in the values we have: \[ SI = \frac{8000 \times 10 \times 1}{100} \] 4. **Calculate the Interest**: - First, calculate the numerator: \[ 8000 \times 10 \times 1 = 80000 \] - Now divide by 100: \[ SI = \frac{80000}{100} = 800 \] 5. **Conclusion**: The interest for the first year is Rs. 800. ### Final Answer: The interest for the first year is **Rs. 800**. ---
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