Question

Ravish took rupees 8000 from Bank find the compound interest paid by him after 1 year if the rate of interest is 3% per annum​

Answer 1

Answer:

Qᴜᴇsᴛɪᴏɴ

Ravish took rupees 8000 from Bank find the compound interest paid by him after 1 year if the rate of interest is 3% per annum.

Sᴏʟᴜᴛɪᴏɴ

Gɪᴠᴇɴ,

Pʀɪɴᴄɪᴘᴀʟ = Rs 8000

Tɪᴍᴇ = 1 ʏᴇᴀʀ

Rᴀᴛᴇ = 3% ᴘ.ᴀ

Tʜᴇɴ S.I ,

$= > \frac{p \times r \times t}{100}$

$= > \frac{8000 \times 3 \times 1}{100}$

$= > 240$

Nᴏᴡ Sɪ ɪs Rs 240

Sᴏ ᴀᴍᴏᴜɴᴛ,

= P + Sɪ

= 8000 + 240

= Rs 8240

Hᴇɴᴄᴇ, Cᴏᴍᴘᴏᴜɴᴅ Iɴᴛᴇʀᴇsᴛ

➙ Fɪɴᴀʟ Aᴍᴏᴜɴᴛ - Oʀɪɢɪɴᴀʟ Pʀɪɴᴄɪᴘᴀʟ

➙ 8240 - 8000

➙ Rs 240

Hᴏᴘᴇ ɪᴛ Hᴇʟᴘs!!!