Question

maria invested 12000 in a business she would be paid interest of 7% per annum compounded annually find the amount credited against her name at the end of 4th year?​

Answer 1

➣ Given :-

Principle = Rs 12000

Rate of interest = 7%

Time = 4 years

➣ To Find :-

Amoumt credited at the 4th year....

➣ Formula :-

$\ {\orange {\bf {\underline {\underline {P×R×T÷100}}}}}$

➣ Solution :-

$\longrightarrow \sf \: \frac{12000 \times 7 \times 4}{100}$

$\longrightarrow \sf \cancel \frac{336000}{100} = \frac{3360}{1} = 3360$

$\longrightarrow \sf \:3360$

Total amount =

$\longrightarrow \sf \:12000 + 3360 = 15360$

Therefore,the total amount credited at end of 4th years is Rs 15460.