Question

05 Santosh invested 80.000 in mutual funds paying Interest 15% been annum. Find the amount he will get- elter 3 years is the interest is compounded annually solution: Q5
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Answer 1

Answer:

Rs. 11,600

Step-by-step explanation:

15% of 8000 is 1200 rs.

Total Interest = 1200 × 3

= 3600 rs.

∴The amount he will get after 3 years = (8000+3600) = Rs. 11600

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Answer 2

Answer:

with interest he will get 116