Question

find the compound interest on principal 8000 rate 10% and time 3 years​

Answer 1

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

Using the formula, A=P(1+

100

R

)

n

Amount after 3 years =8000×(1+

100

10

)

3

=8000×

10

11

×

10

11

×

10

11

=10648

Thus, amount after 3 years = Rs. 1648.

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

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