Question

Amrit invested 8000 in a company at 9% per annum compound interest for 3 years calculate the amount he will get after 3 years
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Answer 1

Answer:

answer CI=10360.232

Step-by-step explanation:

since in compund interest

CI=P(1+R/100)^T

CI=P[(100+9)/100]³

=8000(109/100)³

=8000×109³/100³

=8000×109³/1000000

=8×109³/1000

=10360.232

Answer 2

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.

• Solution :- 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 )

= 8000 x 109/100 x 109/100 x 109 / 100

= 8 x 109 x 109 x 109 / 10 x 100

= 10360232/ 1000

= Rs 10360.232

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