Question

Calculate the compound interest and the amount on the sum of ₹8000 borrowed at the for 3 years interest rate of 12% per annum compounded anually..

Answer :- 3239.42 but I want solution..

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Answer 1

Step-by-step explanation:

On the basis of composition, matter can be classified as compound, element and mixture. Solids, liquids and gases are physical states of matter

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Answer 2

Answer:-

•Amount = ₹ 11239.42

•Compound interest = ₹ 3239.42

Explanation:-

Given:-

→Principal/Sum = ₹ 8000

→Rate of Interest = 12% per annum

→Time = 3 years

To find:-

→Amount

→Compound interest

Solution:-

We know that :-

=> A = P( 1 + R/100)ᵗ

Where:-

• A is amount

• P is principal/Sum

• R is Rate of Interest

• t is time

=> A = 8000( 1 + 12/100)³

=> A = 8000( 112/100)³

=> A = 8000×112/100×112/100×112/100

=> A = 1404928/125

=> A = ₹ 11239.42

Thus, we have got amount as ₹ 11239.42

Now, we know that:-

=> C.I. = A - P

=> C.I. = ₹ (11239.42-8000)

=> C.I. = ₹ 3239.42

Thus, the compound interest is

₹ 3239.42