Calculate the amount and the compound interest on ` 8000 for 3 years at 15% p.a., interest compounded annually.
Answers
Answered by
43
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
Answered by
5
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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