Question

Ramesh deposited Rs. 1000 in a bank at the rate
of 5 interest halfyearly Find the no. of year
after which the amount will be 3 times the
principal​

Answer 1

Answer:

Step-by-step explanation: I don't know

Answer 2

Step-by-step explanation:

we know that,

A=P(1+

100

R

)

n

Putting the values in this formula we will get the amount

Principal is 8000

time is 3 years

rate is 3%

so,

=8000(1+

100

5

)

3

=8000×(1.05)

3

=8000×1.1576=9261

After 3 years he will get Rs9261