Find the compound interest of ₹10000 at the rate of 107. For 3 years
Answers
Answered by
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
1
Step-by-step explanation:
RS 801.30 is your correct Answer
hope it's help you
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