john deposit rs 1,560 in a bank . the bank pays interest at 8% per annum . find the interest and the amount to be received by him after three years
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P = Rs 1560
R = 8%
n = 3 years
A = ?
A = P(1+R/100)^2
= 1560( 1+ 8/100)^2
= 1560 (1+2/25)^2
= 1560(27/25)^2
= 1560(27/25)(27/25)
= Rs. 1819.584
CI = A-P
= 1819.584 - 1560
= Rs 259.584
R = 8%
n = 3 years
A = ?
A = P(1+R/100)^2
= 1560( 1+ 8/100)^2
= 1560 (1+2/25)^2
= 1560(27/25)^2
= 1560(27/25)(27/25)
= Rs. 1819.584
CI = A-P
= 1819.584 - 1560
= Rs 259.584
anmita18:
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