Question

Saina deposited * 1,00,000 in a nationalized bank for three years. If the rate of
interest is 7% p.a., calculate the interest that bank has to pay to Saina after three years if
interest is compounded annually. Also calculate the amount at the end of third year.
La Principal for first year = 100 000
interest is 7% p.a., calculate the interest that bank has to pay to Saina att​

Answer 1

Answer:

gow hamiri mata hai hamko kuch nahi atha hi

Step-by-step explanation:

same as it is

Answer 2

Step-by-step explanation:

Interest for the1

st

year =Rs

100

100000×1×7

=Rs7000

Amount after the1

st

year =Rs100000+Rs7000=Rs107000

Interest for the 2

nd

year =Rs

100

107000×1×7

=Rs7490

Amount after the 2

nd

year =Rs107000+Rs7490=Rs114490

Interest for the3

rd

year =Rs

100

114490×1×7

=Rs8014.3

∴ Amount at the end of the 3

rd

year =Rs114490+Rs8014.3=Rs122504.30