Question

complete the table using the formula for compound interest if the interest is compounded annually principal rupees 8000 rate of interest 6% time 3 years​

Answer 1

we know the amount formula :

$a = \: p \: \: ( \: 1 + \frac{r}{100} \: ) \\ \\ 8000(1 + \frac{6}{100} )³ \\ \\ 8000 ( \frac{100 + 6}{100} )³ \\ \\ \\ 8000 \ \times \frac{106}{100} \times \frac{106}{100} \times \frac{106}{100} \\ \\ \\ 9,528.128 \: \: \: \: is \: \: \: \: answer$

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