Find the amount, if Rs. 500 invested
for 3 years at 10%\ compounded
annually
Answers
Answered by
3
Answer:
Step-by-step explanation:
Given that principal=Rs. 500, time=n=10 years
Interest rate=10%
Compounded amount=P(1+
100
r
)
n
=500(1+
100
10
)
10
=Rs. 1296.87
Answered by
0
Step-by-step explanation:
A = P ( 1+ R / 100 ) t
= 500 ( 1 + 10 / 100 ) t
500 x 11 x 11 x 11 / 10 x 10 x 10
A = 665.5 Rs.
Similar questions