saqib has two offers he can invest Rs 15000 for 2 years which will fetch him an interest at 8% p.a. or invest the same money for 3 years at 61/2 p.a. which is better
61/2
Answers
Answered by
0
Answer:
3284.91
Step-by-step explanation:
We know the formula,
A=P(1+
n
r
)
n.t
Given:
P= Rs. 15000,r=20%,n=4 and t=2.5 years
⇒A=15000(1+
4
0.08
)
2×2.5
⇒A=15000×1.02
10
⇒A=15000×1.218994
⇒A= Rs. 18284.91
To find interest, we use formula
A=P+I
Since A=18284.91 and P=15000, we have
A=P+I
⇒18284.91=15000+I
⇒I=18284.91−15000=3284.91
Interest, I= Rs. 3284.91
Answered by
0
Answer:
61/2 p.a is better
Step-by-step explanation:
please. .........Please.........
MARK ME HAS BRAINLIST
Similar questions
Math,
2 months ago
Psychology,
2 months ago
World Languages,
4 months ago
English,
4 months ago
Math,
9 months ago
English,
9 months ago