Question

Ridhima deposited 46000 in a bank That Give compound interest at 8.5 % per annum how much money will Ridhima get back after 3 year also find the compound interest

Answer 1

46000×8.5\100=3910 then she will get money after 3years will be 46000+(3910×3)=46000+11730=57730
therefor she will get money = 57730

Answer 2

Answer:

Amount = 58755.30

Interest = 12755.30

Step-by-step explanation:

Given that Ridhima deposited Rs 46000 in a bank.

And compound interest = 8.5 %

Then the first year interest = 8.5 % of 46000

= Rs 3910

2nd year interest = 8.5 % of 46000 + 8.5 % of 3910

= 3910 + 332.35 = 4242.35

3rd year interest = 8.5 % of 46000 + 8.5 % of 3910 + 8.5 % of 3910+ 8.5 % of 332.35

= 3910 + 332.35 + 332.35 + 28.25

= 4602.95

Tatal interest = 3910 + 4242.35 + 4602.95 = 12755.30

So,

Total Amount = 46000 + 12755.30

= Rs 58755.30