Manoj deposited rupees 15625 in a bank at 8% per annum compound actually annually how much amount will he get after 3 years
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Hi mate your answer is here :
According to the given data
Principal = 15625 rupees
Time = 3 years
Rate of interest = 8% per annum
Interest = P*R*T/100
15625*8*3/100
= 3750 rupees
Interest is ₹3750
So amount is Principal + Interest
= 15625 + 3750
= ₹19375
Therefore the amount is ₹19375
According to the given data
Principal = 15625 rupees
Time = 3 years
Rate of interest = 8% per annum
Interest = P*R*T/100
15625*8*3/100
= 3750 rupees
Interest is ₹3750
So amount is Principal + Interest
= 15625 + 3750
= ₹19375
Therefore the amount is ₹19375
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