Question

find the compound intrest on rs 8000 at 5% per annum for 3 years

Answer 1

Answer:

Answer is 9,261

Step-by-step explanation:

I hope you understand by thid pic

Answer 2

Answer:

Principle (P) = Rs. 8000

Rate (R) = 5%

Time (T) = 3 years

Amount (A) = ?

Compound Interest (CI) =?

= A = P (1 + R /100) ^ 3

= A = 8000 ( 1 + 5 / 100) ^3

= A = 8000 (21/100) ^3

= A = 8000 × 21/20 × 21/20 × 21/20

= A = Rs. 9216

= CI = A - P

= CI = 9216 - 8000

= CI = Rs. 1261