Find the compound interest on rs 8000 at 5% per annum for 3 years compounded annually?
Answers
Answered by
43
here's your answer
HOPE IT HELPS YOU
HOPE IT HELPS YOU
Attachments:
Answered by
95
Given:P=8000,R=5%,T=3yrs
A=P (1+r/100)^n
A=8000 (1+5/100)^3
(Now take LCM)
A=8000 (105/100)^3
A=8000×105/100×105/100
×105/100=9261
(So amount=9261)
Now C.I=9261-8000=1261 (Answer)
A=P (1+r/100)^n
A=8000 (1+5/100)^3
(Now take LCM)
A=8000 (105/100)^3
A=8000×105/100×105/100
×105/100=9261
(So amount=9261)
Now C.I=9261-8000=1261 (Answer)
Similar questions