Ram lens rupees 8000 to his friends for 3 years at the rate of 5 % per annum compounded interest what amount does Ram get after 3 years
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Answered by
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Principal : ₹8,000
Rate :5%
Time 3 years
In compound interest :
A = P(1+r/100)³
A = 8,000(1+5/100)³
A = 8,000*105/100*105/100*105/100
A = ₹9,261
CI = A - P
CI = 9,261-8,000
CI = ₹261
Hope it may help you ♥
Rate :5%
Time 3 years
In compound interest :
A = P(1+r/100)³
A = 8,000(1+5/100)³
A = 8,000*105/100*105/100*105/100
A = ₹9,261
CI = A - P
CI = 9,261-8,000
CI = ₹261
Hope it may help you ♥
Answered by
1
Answer:
1261 is the answer.
hope it's helpful.
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