Math, asked by vishavjeetsidhu12, 8 months ago

a man invested rupees 46875 in Indian Overseas Bank at 8% per annum compound interest for 3 years find the interest for the first year , the amount standing to his credit at the end of second year , the interest for the third year and, the amount due to him at the end of 3 year

Answers

Answered by AvleenDhall
2

Answer:

Interest  =  P×R×T /100

P = 46875

R = 8

T = 1

INTEREST = 46875×8×1 / 100

= 375000 /100

= 3750

AMOUNT TO BE PAID AT THE END OF 1 YEAR = 46875+3750

= 50625

Interest after 2years = 3750 × 2 = 7500

AMOUNT TO BE PAID AT THE END OF 2 YEAR = 46875+7500

= 54375

Interest after 3 years = 3750 × 3 = 11250

AMOUNT TO BE PAID AT THE END OF 3 YEAR = 46875+11250

= 58125

Step-by-step explanation:

Similar questions