Question

Shashikant borrowed rs 8000 from a nationalised bank at the rate of 15% per annum compound interest to buy a scooter. Calculate the amount that he pays to the bank after 3 years

Answer 1

Answer:

formula is

$\frac{principle \times rate \times time}{100} \\ \\ \frac{8000 \times 15 \times 3}{100} \\ \\ \frac{360000}{100}10 \\ \\ it \: becomes \: rupees \: \: 3600$

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