find the simple interest on Rs.8000 invested at the rate of 10 p.c.p.a. in a scheme for 3 years.
Answers
Answered by
9
Answer:
P = Rs. 8000
t = 3 years
r = 10%
A = P (1+r/100)^t
= 8000 (1+10/100)^3
= 8000 (1+1/10)^3
= 8000 (11/10)^3
= 8000×1331/1000 = ₹10648
Similar questions