Samundra deposited Rs.850 at bank at half yearly rate of 8% for 1 year.How much compound interest will he get?
Answers
Answered by
5
Answer:
money he deposited=rs 850
no. of years=1years
rate=8%
the compound interest=P(1+r/100) raise to n
=850×(100+8/100)
=850×108/100
=850×1.08
=Rs.910
compund interest=rs 910-850
=Rs.60
Answered by
6
Answer:
correct answer is 69.36.
Step-by-step explanation:
Samundra deposits Rs. 850 (P) Rate(R) = 8%.
time(T)=1 year
then,
look at the photo there is solved..
and hope it helps
mark me
Attachments:
Similar questions