Question

suhail deposit a sum of 8000 at compound interest in the bank at the rate of 18 percent per annum for 3 years . What interest will he get after the end of 3 years​

Answer 1

Answer:

5,144.26 is the answer

13,144.26 is ammount

Step-by-step explanation:

see the answer with sol is in question

Answer 2

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Principal = Rs 8000

Rate of Interest = 18%

Time = 3 years

A =

$p (\frac{1 + r}{100})^{n} \\ = 8000 (\frac{1 + 18}{100})^{3} \\ = 8000( \frac{118}{100})^{3} \\ = 8000 \times \frac{118}{100} \times \frac{118}{100} \times \frac{118}{100} \\ = 13144.256$

Amount = Rs 13144.256

CI = A-P

= 13144.256 - 8000

= Rs 5144.256

CI = Rs 5144.256