nand kishor and deposited rupees 75000 for 3 half years at 8 p.c.p.a in a savings bank account what is the total interest received at the end of the period?
Answers
Answered by
1
Answer:
ANSWER IS 96000
Step-by-step explanation:
P is 75000
T(N)is 3 integers 6/12 =7/2
R is 8 %
I is??
I = P×R×T(N)/100
I =75000×8×7/100×2
INTEREST IS 21000
AMOUNT IS PRINCIPAL +INTEREST
=75000+21000
= ₹96000
Answered by
0
Step-by-step explanation:
The formula for compound interest, including principal sum, is:
A=P(1+
n
r
)
nt
Where:
A= the future value of the investment/loan, including interest
P= the principal investment amount (the initial deposit or loan amount)
r= the annual interest rate (decimal)
n= the number of times that interest is compounded per unit t
t= the time the money is invested or borrowed for
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