Question

Arun deposited 8000 in a finance company for 3 years at an interest of 15% per annum. What is the
compound interest that Arun gets after 3 years?

Answer 1

Answer:

c.i=Rs.2580

Step-by-step explanation:

A=p(1+r/100)^n

A=8000(1+15/100)^3

A=8000(100+15/100)^3

A=8000(115/100)^3

A=8000(23/20)^3

A=8000×23×23/20×20

A=40×23×23

A=10580

c.i=A-P=Rs.10580-8000

c.i=Rs2580

I HOPE THIS WILL HELP YOU