Question

calculate the compound interest and the amount on rupees 8000 for 3 years at 5% per annum​

Answer 1

Hi,

Given:

P=8000,R=5%,T=3yrs

A=P (1+r/100)^n

A=8000 (1+5/100)^3

(Now take LCM)

A=8000 (105/100)^3

A=8000×105/100×105/100

×105/100=9261

(So amount=9261)

Now C.I=9261-8000=1261 (Answer)

Answer 2

Answer: Rs 9261

Step-by-step explanation:We can use the formula, A = P * (1 + r/ 100) ^n

Here P is principal, r is rate%, and n is time or no. of years.

So, when we solve it using the formula we get correct answer.