Question

Abhay lent $ 8000to his friend for 3 year at the rate of 5%a c.i what anount does abhay et after 3 yaer

Answer 1

Amount on CI = P×(1+r/100)^t

A= 8000×( 1+ 5/100)

A= 8000× 21×21×21/ 20×20×20

A= 21×21×21

A= 9261 $

So Bahay have to pay 9261 dollar.