Question

a man inevst Rs.46975instate bank of india at 4%p.a. compound interstfor 3 years calculate interest

Answer 1

Step-by-step explanation:

p=principal=46975

r=rate of intrest=4℅

n=period=3 years.

compound intrest method

A=p(1+R÷100)^N

=46975(4÷100)^3

=46975(0.04)^3

=46975×0.0064

=300.64