Question

Huvity 2
Daya deposited 50000 rupees in a bank which gives 10% interest compounded annually.
How much would she get back after 3 years?​

Answer 1

Answer: 66,550 Rs

Given : Amount = 50,000/- , Interest = 10% per annum, number of years =3.

Find : Total amount after 3 years of compunded interest.

Step-by-step explanation:

If p is the amount, r is the intrest, and n is the number of years

formula : p*(1+r/100)n

Step 1 : Substitute the values given

50000(1+10/100)3

Step 2 : Simplify the brackets first

50000*11/10*11/10*11/10

answer = 66550

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