Rajiv deposited ₹8000 in a bank that earned him an interest of 15% per annum compounded annually.
If he received ₹121670 for how many years did, he invest the money.
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Answered by
0
Answer:
He will get Rs.9261 after 3 years. Step-by-step explanation: Principal = Rs.8000. Rate of interest = 5% =0.05. Time = 3 years. Formula :.
Answered by
0
Answer:
Step-by-step explanation:
Principal = Rs.8000
Rate of interest = 5% =0.05
Time = 3 years
Formula : A=P(1+r)^tA=P(1+r)
t
A = Amount
P = Principal
t = time
r = rate of interest
A=8000(1+0.05)^3A=8000(1+0.05)
3
A=Rs.9261
Hence He will get Rs.9261 after 3 years
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