Question

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


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Answer 1

Answer:

amount =₹12167

CI=₹4176

Step-by-step explanation:

$a = p {(1 + \frac{r}{100})}^{t}$

$a = 8000 {(1 + \frac{15}{100} )}^{3} = 800 {(1.15)}^{3} = 12167rupees$

And for Finding compound interest:

$ci = a - p \\ ci = 12167 - 8000 = 4176$

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