Manu deposited 15000 rupees in a financial establishment which pays interest compounded every 3 months, at8%annual rate . How much would he get back after one year?
Answers
Answered by
18
Step-by-step explanation:
principal = 15000
time = 3 months that is 3/12 = 1 /4 ( after cancellation
rate of interest = 8 %
S.I. = p×r×t/100
S.I.= 15000×1/4×8/100
S.I.= ruppees 300
ans he will get 300 ruppees back after one year
hope it helps please mark as branliest
Answered by
7
Principal=15000
Time=3 months =1/4 year
Rate= 8%
S.I=P*R*T
= 15000*1/4*8/100
=300
Amount=15000+300=
15300
Time=3 months =1/4 year
Rate= 8%
S.I=P*R*T
= 15000*1/4*8/100
=300
Amount=15000+300=
15300
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