Mohenjo positive rupees 8000 in SBI for 12 months if the bank pays compound interest at 12% per annum then find the amount of interest received by him by using the formula is equal to P( 1 + R%/100 )power t.
Answers
Answered by
1
Hello mate...
The answer is...
A = P ( 1 + r/100)^t
A = 8000 ( 1 + 12/100)^1
A = 8000 × 112/100
A = Rs.8960
C.I = A - P
= 8960 - 8000
= Rs.960 ans.
HOPE, It will help you...
MARK ME AS BRAINLIST
AND ALSO
FOLLOW ME
The answer is...
A = P ( 1 + r/100)^t
A = 8000 ( 1 + 12/100)^1
A = 8000 × 112/100
A = Rs.8960
C.I = A - P
= 8960 - 8000
= Rs.960 ans.
HOPE, It will help you...
MARK ME AS BRAINLIST
AND ALSO
FOLLOW ME
Similar questions