Question

Naseem deposited Rs 12,000 in a bank for 3 years at a rate of 10 p.c.p.a compound interest .what amount will she receive from the bank at the end of the term?
a.) Rs 15,972
b.) Rs 15,792
c.) Rs 15,790
d.) Rs 15,970​

Answer 1

⭐⭐Hey mate ⭐⭐

Here is the answer ::

Amount he will receive ::

Given ,

P = Rs 12000

T = 3 years

R = 10%

CI = A - P

A = P ( 1+R/100)^T

=> 12000 ( 1 + 10/100)³

=> 12000 × 11/10 × 11/10 × 11/10

=> 12 × 11 × 11 × 11

=> 15972

A = Rs. 15972

a). Rs. 15972 [✓]

Hope it will be helpful.

#answerwithquality

#BAL

Answer 2

Heya mate!!

The formula for calculating Amount is

$a = p ({1 + \frac{r}{100} })^{t}$

$p =1 2000 \: rate = 10 \: time = 3years$

$12000( {1 + \frac{10}{100} })^{3}$

$12000 \times \frac{110}{100} \times \frac{110}{100} \times \frac{110}{100}$

$15972$

Answer is Option A

Hope it helps you dear✌️✌️