Question

sahil deposited a sum of ₹8000 at compound interest in the bank at the rate of 18% per annum for 3 years what interest will he get after the end of 3 years​

Answer 1

Answer:

Given,

P=Rs. 8000

r=18%

n=3yrs

We have,

$c.i. = p(1 + \frac{r}{100} )^{n} \\ = 8000(1 + \frac{18}{100} ) ^{3} \\ = 8000 \times \frac{118}{100} \times \frac{118}{100} \times \frac{118}{100} \\ 8\times \frac{1643032}{1000} = 13144.256$

The Interest He will get = C.I

=Rs. 13144.256