Question

amrit invest₹8000 in a company at 9% per annum compound interest for 3 year calculate the amount he will get after 3 year.

Answer 1

Answer :-

________________________

• Given :-


Amrit invest Rs 8000 in a company at 9% per annum compound interest for 3 years.


• To find :-


The amount he will get after 3 years.


• Salutation :-


Principal ( p ) = Rs 8000

Time ( n ) = 3 years

Rate per annum ( r% ) = 9 %

Now ,

Compound amount

= p ( 1 + r / 100 )ⁿ

= 8000 ( 1 + 9 / 100 )³

= 8000 × 109 / 100 × 109 / 100 × 109 / 100

= 8 × 109 × 109 × 109 / 10 × 100

= 10360232 / 1000

= Rs 10360.232

•°• He will get Rs 10360.232 after 3 years.

_____________________________

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Answer 2

Step-by-step explanation:

Principal ( p ) = Rs 8000

Time ( n ) = 3 years

Rate per annum ( r% ) = 9 %

Now ,

Compound amount

= p ( 1 + r / 100 )ⁿ

= 8000 ( 1 + 9 / 100 )³

= 8000 × 109 / 100 × 109 / 100 × 109 / 100

= 8 × 109 × 109 × 109 / 10 × 100

= 10360232 / 1000

= Rs 10360.232

•°• He will get Rs 10360.232 after 3 years.