Question

Ramesh invests Rs. 8000 for 3 years at 10 % p.a compounded annually, find the amount and compound interest at the end of third year.​

Answer 1

Answer:

just play and sleep and eat

Answer 2

Step-by-step explanation:

Here, P= Rs. 8000,R=10% per annul and n=3 years

Using the formula, A=P(1+ 100R ) n

Amount after 3 years =8000×(1+ 10/ 100) ³

=8000× 10/11× 10/11 × 10/11

=10648

Thus, amount after 3 years = Rs. 1648.

And compound interest = Rs. (10648−8000)=2648.