a person borrows a sum of rupees 64000 from abank at the rate pf 2.5% per annum compounded annually . find the amount an CI payable after 3 yers
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Answered by
23
Answer:
Rs.68800
Step-by-step explanation:
given : Principal = Rs. 64000
Rate of Interest= 2.5%
Time = 3 years....
therefore ,
Interest = Principal × Rate of Interest × Time ÷ 100
= 64000 × 2.5 × 3 ÷ 100
= ( 00 gets cut off from 64000 and 100 )
= 640 × 2.5 × 3
= 1600 × 3
= Rs. 4800
therefore
Interest is Rs. 4800...
So
Amount = Principal + Interest
= 64000 + 4800
= Rs. 68800
So amount payable after 3 years is Rs. 68800......
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3
Answer:
person borrows a sum of rupees 64000 from abank at the rate pf 2.5% per annum compounded annually . find the amount an CI payable after 3 yers
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