calculate the amount and the compound interest by using the formula for compound interest. principal = 1000 rupees , rate = 10 % , time = 3 years
Answers
Answer:
Calculate it by yourself
ive given u the formula
Step-by-step explanation:
A = P(1 + \frac{r}{n})^{nt}
A = final amount
P = initial principal balance
r = interest rate
n = number of times interest applied per time period
t = number of time periods elapsed
use the formula
it's so eaaasyyyyy
im in class 4
bruh!!
Answer:
the total amount will be 1331 rupees
the compound interest will be 331 rupees
Step-by-step explanation:
P=1000 rupees
r=10%
n=3 years
A=P [ 1 + (r/100) ] ³
= 1000 [ 1 + ( 10/100 ) ] ³ rupees
=1000 [11/10] ³ rupees
=1000 × [ (11×11×11 ) / (10×10×10) ] rupees
=1000 × [ 1331/ 1000 ] rupees l
=1331 rupees
so the total amount is 1331 rupees
now the compound interest ( C.I ) = Total amount (A) - Principal (P) = [ 1331 - 1000 ] rupees = 331 rupees
wish it will be helpful for you