Question

find the answer for me

Answer 1

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Answer 2

Answer:

After 3 years he get back Rs.23820.32.

Step-by-step explanation:

Given : Anas deposited 20000 rupees in a bank which pays 6% interest compound annually.

To find : How much would he get back after 3 years ?

Solution :

Applying compound formula,

$A=P(1+r)^t$

Where, P is the principal P=Rs.20000

r is the rate of interest r=6%=0.06

t is the time t=3 years

Substitute the values in the formula,

$A=20000(1+0.06)^3$

$A=20000(1.06)^3$

$A=20000\times 1.191016$

$A=23820.32$

Therefore, After 3 years he get back Rs.23820.32.