Question

Preeti
invested
50000 at
8% per
annum for 3 years and
the
interest is compounded
annually calculet.
​

Answer 1

Answer:

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Answer 2

Step-by-step explanation:

Inv=50000

Time =3 years

Rate =8%

Amount = inv (1+R/100)^time

Amount =50000×(1+8/100)^3

Amount =50000×108/100×108/100×108/100

Amount =62985.6

C.I=62985.6-50000

C.I=12985.6