Jane deposited 20,000 with a manufacturing
company for 3 years. If the rate of interest is
14% p.a., compounded annually, what
interest will she receive after 3 years?
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Answered by
3
Principal=Rs.20000
Time=3 yrs
Rate=14% pa, compounded annually
Therefore, amount
=Rs.(20000×(1+14/100)^3)
=Rs.(20000×114/100×114/100×114/100)
=Rs.32500
Therefore, interest =Amount-Principal
=Rs. 32500-20000
=Rs.12500(Ans.)
Answered by
0
Answer:
Jane deposited rupees 20000 with manufacturing company for 3 years if the rate of interest is for 10% per annum compounded annually what the interest will see receive after 3 years'
Step-by-step explanation:
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