find the amount of 8000 for 3 years, compounded annually At 10% per annum. also, find the compound interest.
Answers
Answered by
23
Amount = Principal ( 1 + R / 100 )^n
= 8000 ( 1 + 10/100 ) ^3
= 8000 × 110/100 × 110/100 × 110/100
= 8 × 11 × 11 × 11
= 10648
Compound Intrest = Amount - Principal
= 10648 - 8000
= 2648
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= 8000 ( 1 + 10/100 ) ^3
= 8000 × 110/100 × 110/100 × 110/100
= 8 × 11 × 11 × 11
= 10648
Compound Intrest = Amount - Principal
= 10648 - 8000
= 2648
Hope u would like it.
plzz tell me if it wrong.
thank you.
Answered by
3
Amount =P(1+R/100)^T
A=8000(1+10/100)^3
A=8000(1+1/10)^3
A=8000(11/10)^3
A=8000*1331/1000
A=8*1331
A=₹10,648
A=8000(1+10/100)^3
A=8000(1+1/10)^3
A=8000(11/10)^3
A=8000*1331/1000
A=8*1331
A=₹10,648
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