Question

5. To purchase a water pump, Manjeet took a loan of 8000 from a bank. If the rate of
interest is 5% per annum, calculate the compound interest that Manjeet pays to the bank
after 3 years..

plss solve plsssssssssss​

Answer 1

8000×5+3= 40003 is ur naswer friend

Answer 2

Answer:

P=₹8000

T=3 years

R=5% p.a.

Amount=P(1+R/100)^T

Amount=8000(1+5/100)^3

A=8000(105/100)^3

A=8000*105/100*105/100*105/100

A=8*105*105*105/1000

A=₹9261

Now, amount=₹9261

Then, Compound Interest=Amount-Principal

Compound Interest=₹9261 - ₹8000 = ₹1261

Hence, After 3 years Manjeet pays $1261 as compound interest to the bank...

Step-by-step explanation:

Hope it helped u dear frnd!!