Question

Find the amount that Pravesh will receive if he deposits * 2,00,000 for 3 years at 10
compounded annually. Also find the compound interest.​

Answer 1

Answer:

200000/11/10+/11/10+11/10

200*1331

266200

266200-200000

66200

Answer 2

$\bold{\underline{\underline{\huge{\sf{ANSWER\::}}}}}$

Given:

Pravesh will receive if he deposits Rs.200000 for 3 years at 10% compounded annually.

To find:

The amount and compound Interest.

Explanation:

We know that formula of the compound Interest: Amount - Principal

Or

A=$P(1+\frac{R}{100} )^{n}$

We have,

• Principal,[P]= Rs.200000
• Rate,[R]= 10% per annum
• Time,[n]= 3 years

Therefore,

A= $200000(1+\frac{1\cancel{0}}{10\cancel{0}} )^{3}$

A= $200000(1+\frac{1}{10} )^{3}$

A= $200000(\frac{10+1}{10} )^{3}$

A= $200000(\frac{11}{10} )^{3}$

A= $200\cancel{000}*\frac{11}{1\cancel{0}} *\frac{11}{1\cancel{0}} *\frac{11}{1\cancel{0} }$

A= Rs.(200 ×11×11×11)

A= Rs.266200

Now,

Compound Interest= Rs.(266200 - 200000)

Compound Interest= Rs.66200.

Thus,

The amount is Rs.266200 & the C.I. is Rs.66200.