Question

Neha invested 310,000 at the rate 10 p.c.p.a in scheme for 3 year find the amount the gets after 3 year if the interest is compounded annually.​

Answer 1

Answere:

Given:-

Given:-Principal (P) = Rs. 3,10,000

Rate of interest (R) = 10 %

Time period (T) = 3 years.

We know that;

Amount (A) = P(1+R/100)^t

Hence,

⟹ A = 310000(1+ 10/10 )³

⟹ A = 310000( 100+10/100)³

⟹ A = 310000×( 110/100)³

⟹ A = 310000× 11/10×11/10×11/10

⟹ A = Rs.4,12,610

∴ Neha receives Rs. 4,12,610 at the end of 3 years.

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