Math, asked by salonikumari56388, 9 months ago

compound interest on rs 350 in 3 yrs at 4% per annum​

Answers

Answered by chandankumarvns003
0

350 * (1+5/100)^3

350 * (1+1/20)^3

350 * (21/20)^3

350 * 21/20*21/20*21/20

3241350/8000

405.17

CI = 405.17-350

= 55.17

Answered by NehaKari
1

Given :

Principle (P) = Rs. 350

Number of years (n) = 3 years

Rate (R) = 4%

To Find :

Compound Interest on Rs. 350 at 4% per annum in 3 years

Solution :

The formula for the Compound Interest is,

Compound Interest = P(1+\frac{R}{100} )^{n} - P

                                = 350(1+\frac{4}{100} )^{3} - 350

                                = 350 × (\frac{104}{100} )^{3} - 350

                                = 350 × \frac{1124864}{1000000} - 350

                                = 393.70 - 350

                               = Rs. 43.70

So, compound interest will be Rs. 43.70 while the total accumulated wealth  will be Rs. 393.70 at the end of 3 years with an interest rate of 4% per annum.

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