Question

calculate the amount and the compound interest by using the formula for compound interest. principal =8000, rate =15% , time =3 years .​

Answer 1

Step-by-step explanation:

for amount use this formula

A=p[1+R/100]^time

After ,you get amount

For C.I

use c=A-P

Answer 2

Answer:

At the end of 3 years, amount received will be 12167 and the compound interest will be 4167.

Step-by-step explanation:

Principal (P) = 8000

Rate (R) = 15% p.a.

Time (T) = 3 years

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

             = 8000(1 + 15/100)^3

             = 8000(23/20)^3

             = 8000(12167/8000)

              = 12167

Compound Interest = Amount - Principal

                                 = 12167 - 8000 = 4167

(IF YOU FIND IT USEFUL, PLEASE MARK IT AS THE BRAINLIEST ANSWER)