Question

Ramu invested an amount of Rs. 8000 at an interest rate 10% per annum compounded for 3 years. Find the compound interest.​

Answer 1

Answer:

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

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

Amount after 3 years =8000×(1+  100 10   )  3 =8000×  10 11 ​ ×  10 11 ×  10 11 =10648

Thus, amount after 3 years = Rs. 1648.

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

Answer 2

Answer:

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