Question

Manoj deposited rupees 15625 in a bank at 8% per annum compounded annually how much more how much amount will he get after 3 years

Answer 1

P=15625 rs
R= 8%
T=3yrs
A= p ( 1+r/100)t
= 15625( 1+8/100) 3
15625( 1+2/25) 3
15625( 27/25) 3
15625*27/25*27/25*27/25
These all 25 are cancelled with 15625...
Remaining will be multiplied
27*27*27=19683
He will get 19683 rupees after 3 years..

Answer 2

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