Question

Ali plans to invest Rs. 8,000 every year for 3 years starting from today. Interest rate is 10%

per annum compounded annually. At the end of year 3 he will receive​

Answer 1

Answer:

$principal = 8000 \\ time = 3y \\ interest = 10\% \\ compound \: interest = 8000 \times (1 + \frac{10}{100} - 8000 \\ = 8000 \times \frac{11}{10} \times \frac{11}{10} \times \frac{11}{10} - 8000 \\ 10648 - 8000 \\ = 2648$

$total \: amount \: for \: 3 \: year \: = 8000 \times 3 + 2648 \times 3 \\ 24000 + 7944 = 31944$

Answer 2

Answer:

29128

Step-by-step explanation:

this question is of annuity due

R=rentals=8000

n=year=3

i=compounded interest=10%

S=total amount=?