calculate the compou.d interest on ruppee 8000 for 3½ year at the rate.10 % percent per annum annually
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P is the principal amount, $8000.00.
r is the interest rate, 10% per year, or in decimal form, 10/100=0.1.
t is the time involved, 3.5....year(s) time periods.
So, t is 3.5....year time periods.
To find the simple interest, we multiply 8000 × 0.1 × 3.5 to get that:
The interest is: $2800.00
Usually now, the interest is added onto the principal to figure some new amount after 3.5 year(s),
or 8000.00 + 2800.00 = 10800.00. For example:
If you borrowed the $8000.00, you would now owe $10800.00
If you loaned someone $8000.00, you would now be due $10800.00
If owned something, like a $8000.00 bond, it would be worth $10800.00 now.
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Hope it helps u
I taught that the rate is 10
Hope it is not 0.10
Mark me brainliest
I taught that the rate is 10
Hope it is not 0.10
Mark me brainliest
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