rohit invested Rs 10000 for 3 years at the rate of compound interest of 10%.find the amount abtained by him after 3 years
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Answer:
Amount obtained by him after 3 years= Rs. 13,310
Step-by-step explanation:
Principal= Rs 10,000
Rate of Interest= 10%
Time= 3 years
Amount=P×(1+R/100)^n
= 10,000×(1+10/100)³
=10,000×(1+1/10)³
=10,000×(11/10)³
=10,000×1331/1000
=Rs. 13,310
Amount obtained by him after 3 years= Rs. 13,310
Hope It Helps
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