Math, asked by kuwarjeetkumar28july, 10 months ago

Rs.50000 is lent for 3 years at 8% per annum compound interest. find the compound interest at the end of 3 years.

Answers

Answered by santy2
15

Answer:

Rs. 12985.6

Step-by-step explanation:

The amount after compounding a principal amount, P, at an interest rate ,i, for years t is;

Amount=P*(1+\frac{i}{100})^t

In our case;

P=50000\\i=8%\\t=3

Therefore

Amount=50000*(1+\frac{8}{100})^3\\ Amount=62985.6

Now, the compound interest at the end of 3 years is given as the difference between the Amount at the end of the period and the principal amount

Interest=62985.6-50000\\Interest=12985.6

Answered by damanisharma123
2

Step-by-step explanation:

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