Question

is expey
4
Priyanka deposited 6500 in a bank which pays 9% per annum interest. She 12
end of the first year. What amount will she get after three years?​

Answer 1

$\huge\colorbox{lime}{Answer}$

Given:-

Principle=6500

Rate=9% per annum

step by step:-

Interest after 1 year

⇒$\sf \dfrac{PRT}{100}=\dfrac{6500×9×1}{100}=585Rs.$

⇒ Total Amount=6500+585=7085 Rs.

Withdrawal after 1 year=12500

⇒ Remaining =7085−1250=5835Rs.

Total after next 2 years

Amount=$\sf 5835(1+\dfrac{9}{100} )^2=6932.56Rs.$

⇒ Amount she will get after 3 years=6932.56Rs.