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
Answers
Answered by
0
Answer:
Step-by-step explanation: I don't know
Answered by
0
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
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