Question

priyanka deposited rs6500 in a bank which pays 9% per annum interest. she withdrew rs 1250 after the end of the first year. what amount will she get after three years

Answer 1

$6500(1 + \frac{9}{100} )^{3} - 6500 \\ \\ 6500(1.09)^{3} - 6500 \\ 6500(1.295029) - 6500 \\ 8417.6885 - 6500 \\ 1917.6885$