Mr. subhas Gupta deposited rs 2500 in crystal bank. if the bank pays compound interest at the rate of 12 % per annum find the amount received by Mr Gupta after 3 years.
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Answered by
7
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
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
Answered by
2
SI=2500÷100×12×3
=25×12×3
=900
Compound= 2500+900=3600
12℅ of 900
12×9
108
simple interest + compound
3600+108
3708 after 3year
=25×12×3
=900
Compound= 2500+900=3600
12℅ of 900
12×9
108
simple interest + compound
3600+108
3708 after 3year
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