Question

annum. What is the compound interest that Rohit gets after 3 years?
4. Find the compound interest on Rs 1000 at the rate of 8% per annum for 1
interest is compounded half yearly​

Answer 1

Answer:

Principal, P = ₹1000

Rate, R = 8%

Time, n = 3years

Amount, A = P (1 + R/100)ⁿ

             = 1000 (1 + 8/100)³

             = 1000 (1 + 2/25)³

             = 1000 (25+2/25)³

             = 1000 (27/25)³

             = 1000 X 19683/15625

             = ₹1259.70

Compound Interest = A - P = ₹1259.70 - ₹1000

                                             = ₹259.70

Explanation:

Here is your answer buddy....

Hope it helps you :)