Math, asked by gurpalentkaran8232, 4 months ago

Find the compound interest of ₹10000 at the rate of 107. For 3 years

Answers

Answered by apurvbhaskar2004
1

Answer:

Given

Investment to a company (P) = Rs 10000

Rate of interest (R) = 7% p.a.

Period (n) = 2 years

Hence,

Amount (A) = P {1 + (R / 100)}

n

= Rs 10000 {1 + (7 / 100)}

2

= Rs 10000 × (107 / 100) × (107 / 100)

On simplification, we get,

= Rs 11449

Amount after 3

rd

year = Rs 11449 × (107 / 100)

We get,

= Rs 12250.43

Therefore,

Interest on the 3

rd

year = Rs 12250.43 – 11449

= Rs 801.43

Answered by BrainlyAryabhatta
1

Step-by-step explanation:

RS 801.30 is your correct Answer

hope it's help you

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