Question

find the amount that John will receive if he deposit Rs 8000 for 3 years at 10% per annum compounded annually also find the compound interest​

Answer 1

Answer:

Correct option is

A

2648

Here, P= Rs. 8000,R=10% per annum and n=3 years

Using the formula, A=P(1+100R)n

Amount after 3 years =8000×(1+10010)3

=8000×1011×1011×1011

=10648

Thus, amount after 3 years = Rs. 1648.

And compound interest = Rs. (10648−8000)=2648.

Answer 2

$\star\Huge\mathfrak\blue{ANSWER }\star$

$\star\mathfrak\green{10400}$

$\longrightarrow\mathfrak\green{well \: now \: let's \: do \: It \: step \: by \: step}$

$\longrightarrow\mathfrak\pink{10 \: percent \: of \: 8000=800}</p><p>$

$\star\huge\mathfrak\red{so \: after \: each \: year \: he \: will \: get \: rupees \: 800 }$

$\star\mathfrak\green{after \: 3 years \: he \: will \: get \: 3×800=2400+8000 \: rupees =10400 \: rupees.}$