Anu obtained a loan of €8000 from a bank. if the rate of interest at 5% per annum compounded annually, calculate the compound interest that anu will have to pay after 3 years.
Answers
Answered by
2
Answer:
principal =8000
rate=5%
time=3 years
Simple interest (Si) = principal ×rate+time/100
= 8000×5×3/100
=1200
AMOUNT = Si+principal
=9200
answer =ruppes 9,200
Similar questions