Question

Mr Chopra invested 75000 in a Bank for 3 years at 6% p.a. compounded annually . What amount will he get after 3 years ?​

Answer 1

Step-by-step explanation:

principal-75000

rate-6

time-3

formula'e

a=p(1+r÷100)^×t

so...

75000=(1+6÷100)^×3

divide 75k by taking lcm of 1 and 6 by 100 and multipliying them with time(numerator and denominator)

75000×106×106×106÷100÷100÷100

answer=89,326.2

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