Question

Q.6
Rohan deposited Rs. 8,000 with a finance company for 2 years at an interest of 15%
per annum. What is the compound interest that Rohan gets after 3 years?

Answer 1

Answer:

amount=8000(1+15/100) ^3

=8000(100+15/100) ^3

=8000(115/100) ^3

=8000(1.15) ^

=12167

CI =12167-8000=₹4167

Answer 2

Answer:

®4167

Step-by-step explanation:

P = 8000

t= 3 yrs

I = 15%

A = 8000(1+15/100)³ - 8000

= 8000(115/100)³ - 8000

= 8000( 115³/100³ - 1)

=8000((1520875 - 1000000)/1000000)

=8000(520875/1000000)

=8((520875/1000)

=520875/125

=4167