Question

Calculate the amount and the compound interest on ` 8000 for 3 years at 15% p.a., interest compounded annually.

Answer 1

Answer:

Principal = 8000

Time = 3

Rate = 15%

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

= 8000(1+15/100)3

= 8000×23/20×23/20×23/20

= ₹12167

CI =A - P

= ₹12167 - ₹8000

= ₹4167

Answer 2

Answer:

answer is 4167

Step-by-step explanation:

A=P (1+R)n

100

A=8000 (1+15)²

100

A=8000 (115)²

100

A=8000 (115×115)

100 100

A=12167

C.I = A-P

=12167-8000

=4167

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