Question

harish deposited ruppes 10000 in a bank paying interest at the rate of 8% per annum. find the amount she has to repay to the bank at the end of 3 years ​

Answer 1

Answer:

Answer

As we know that,

A=P(1+

100

R

)

n

Here,

A= Amount

P= Principle =Rs.5120

R= Rate of interest =

4

25

%

n= No. of years =2

Therefore,

A=5120

⎝

⎜

⎜

⎜

⎜

⎜

⎛

1+

100

(

4

25

)

⎠

⎟

⎟

⎟

⎟

⎟

⎞

2

⇒A=5120(1+

16

1

)

2

⇒A=5120×

16×16

17×17

=20×289=Rs.5780

Therefore,

Compound interest =A−P=5780−5120=Rs.660

Step-by-step explanation:

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Answer 2

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