find the amount and compound interest on a sum of ₹8000 at 5% per annum for three years compounded annually?
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Answered by
1
Amount = Rs.9261
Copound interest = Rs. 1261
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A=principle[1+rate]^Time
A=8000[1+5%]^3
A=8000×105/100×105/100×105/100
A=8000×21/20×21/20×21/20
A=21×21×21
A=₹9261
compound interest=Amount - Principle
CI= 9261 - 8000
CI=₹1261
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A=8000[1+5%]^3
A=8000×105/100×105/100×105/100
A=8000×21/20×21/20×21/20
A=21×21×21
A=₹9261
compound interest=Amount - Principle
CI= 9261 - 8000
CI=₹1261
HOPE IT HELPS YOU.............
MARK ME AS BRAINLIEST
riyasapariya84:
thanks
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