ramesh deposited rs 1250 in his saving bank account find the compuond interest earned by him after 3 years if thr rate of
interest is 5 % per anum and interest payable annually
Answers
Answered by
32
CI = Prt/100
= 1250 × 5 x 3/100 = 187.5
Therefore, Amount payable after 3 years =
1250 + 187.5 = 1437.5
= 1250 × 5 x 3/100 = 187.5
Therefore, Amount payable after 3 years =
1250 + 187.5 = 1437.5
PremVardhan:
wrong answer as he asked compound interest not simple interest
Answered by
106
Amt = Principal [ 1 + r /100 ]
amt = 1250 × 21/20 × 21/20 × 21/20
= 46305/32 = ₹ 1,447.03
Compound Interest = amt - principal
ci = 1447.03 - 1250
Compound interest = ₹197.03
amt = 1250 × 21/20 × 21/20 × 21/20
= 46305/32 = ₹ 1,447.03
Compound Interest = amt - principal
ci = 1447.03 - 1250
Compound interest = ₹197.03
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