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As We know that Radha invested ₹50,000 @8% per annum for 3 years.
- Using Amount Formula, we can find the interest for given interval of time.
Firstly, Using formula we have to find the amount of 2 yrs.
→ A = P(1 + r/100)ⁿ
→ A = 50,000(1 + 8/100)²
→ A = 50,000(108/100)²
→ A = 50,000(27/25)²
→ A = 50,000×27/25×27/25
→ A = 80 × 729
→ A = ₹58,320
Now, the amount after 2 yrs will be the Principal for the 3rd yrs.
→ A = 58,320(1 + 8/100)¹
→ A = 58,320(27/25)
→ A = ₹62985.6
→ Interest = Amount – Principal
→ ₹62985.6 – 58320
→ ₹4665.6
Hence,
The Interest for the 3rd yr will be ₹4665.6.
Note: Your Option is wrong & you can check yourself too.
Answered by
0
Step-by-step explanation:
the 3 year will be 4665.6
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