Question

Find the simple integer and amount on ₹1400 For 3 years at 8%per annum

Answer 1

Step-by-step explanation:

$given \: that \: \\ principal \: = 1400rs \\ rate = 8\% \\ time = 3years \\ simple \: interest = \frac{p \times r \times t}{100} \\ = \frac{1400 \times 8 \times 3}{100} \\ = 14 \times 8 \times 3 \\ = 336$

$given \: that \: \\ principal \: = 1400rs \\ rate = 8\% \\ time = 3years \\ simple \: interest = \frac{p \times r \times t}{100} \\ = \frac{1400 \times 8 \times 3}{100} \\ = 14 \times 8 \times 3 \\ = 336 \\ then \\ amount = p (1 + \frac{r}{100} ) {}^{t} \\ amount = 1400(1 + \frac{8}{100} ) {}^{3} \\ = 1400(1 + \frac{2}{25} ) {}^{3} \\ = 1400( \frac{25 + 2}{25} ) {}^{3} \\ = 1400( \frac{27}{25} ) {}^{3} \\ = 1400 \times \frac{27}{25} \times \frac{27}{25} \times \frac{27}{25} \\ = 56 \times 27 \times \frac{27}{25} \times \frac{27}{25} \\ = 1763.59...$