Question

Rohit deposited Rs. 8000 with a finance company for 3 years at an interest of 15% per annum. What is the compound interest that Rohit gets after 3 years?

Answer 1

Answer:

Compound Interest = A – P = Rs 12167 – Rs 8000 = Rs 4167

Step-by-step explanation:

Solution⤵️

✑ Given details are

✔️Principal (p) = Rs 8000

✔️Rate (r) = 15%

✔️Time = 3years

↪️By using the formula,

A = P (1 + R/100) n

= 8000 (1 + 15/100)3

= 8000 (115/100)3

= Rs 12167

✔️∴ Compound Interest = A – P = Rs 12167 – Rs 8000 = Rs 4167

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Answer 2

Answer:

Compound Interest = A – P = Rs 12167 – Rs 8000 = Rs 4167

Step-by-step explanation:

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