Mr subash gupta deposited ruppes 2500 in crystal bank. if the bank pays interest at the rate of 12 %per annum find the amount received by Mr. gupta after 3 years
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Answer:
Simple interst = 2500 ÷100 ×12 ×3 = 900 + 2500 = 3400
compound interest = 900
900 12% = 900 1%:= 900 /100 = 9
900 12% = 9 ×12 = 108
simple interst + compound interest
3400 + 108
= 3508
Mr Gupta received 3508 after 3 years
Step-by-step explanation:
shivamshah2272002:
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