Question

Nidhi deposited 7500 rs. In a bank which pays her 4% interest per annum compounded annually find the amount and the interest received by her after three years

Answer 1

Thank you for asking this question. Here is your answer:

P = Rs 7500

R = 4%

T= 3 yrs

Amount= Principal(1+r/100)^n

7500(1+4/100)^3

7500(1+1/25)^3

7500(25+1/25)^3

7500×26/25×26/25×26/25

12×26×26×26/25=210912/25=

8436.48 is amount

Compound Interest

=a-p

= 8436.48-7500

=936.48

If there is any confusion please leave a comment below.

Answer 2

Answer:

answer.............