anas deposited 20000 rupees in a bank which pays 6% interest compounded annually. how much would he get back after 3 years?
Answers
Answered by
5
Answer:
rupees deposited=20,000
interest given by bank=6%
time = 3years
SI=P*R*T/100
SI=20,000*6*3/100
SI=3600
20,000+3600=23,600Ans
Answered by
2
Answer:
23,820.32
Step-by-step explanation:
principal= 20000
rate of interest= 6% p.a
time = 3 years
Amount= P(1+r/100)^t
=20000(1+6/100)^3
=20000(53/50)^3
=20000(53/50)(53/50)(53/50)
=23,820.32
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