Question

Rohit deposited 8000in a finance company for 3 years at an intrest of 12% per annum what is the compound interest that rohit gets after 3year
?​

Answer 1

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Not Solution:

This is an exAmple:::::::::

Principal for the first year = Rs 3,000

Interest for the first year=Rs3,000 x 5 x$\(\frac{1}{100}\)$ = Rs 150

Amount at the end of the first year = Rs 3,000 + Rs 150 = Rs 3,150

Principle Interest for the second year=Rs 3,150 x 5 x $\(\frac{1}{100}\)$= Rs 157.50

Amount at the end of the second year = Rs 3307.50

Compound interest=Rs 3,307.50 – 3,000 = Rs 307.50

Answer 2

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Not Solution:

This is an exAmple:

Principal for the first year = Rs 3,000

Interest for the first year=Rs3,000 x 5 x = Rs 150

Amount at the end of the first year = Rs 3,000 + Rs 150 = Rs 3,150

Principle Interest for the second year=Rs 3,150 x 5 x = Rs 157.50

Amount at the end of the second year = Rs 3307.50

Compound interest=Rs 3,307.50 – 3,000 = Rs 307.50

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