Suhail deposited a sum of 8000 at compound interest in the bank at the rate of 18% per annum for 3 years. What interest will he get after the end of 3 years?
please please solve this question fast.
Find it by solving 1,2 and 3 year principal and S.I separately
Answers
Answered by
2
Answer: 5144.256 rupees
Step-by-step explanation:
The amount of compound interest when it is calculated annually is,
A = P(1+\frac{r}{100} )^tA=P(1+
100
r
)
t
Where P = Principal amount
r = annual interest rate,
t = time in years,
Here, P = 8000 rupees, r = 18% and t = 3 years,
Therefore, the total amount after 3 years,
A = 8000(1+\frac{18}{100} )^3A=8000(1+
100
18
)
3
A = 8000\times 1.643032A=8000×1.643032
A = 13144.256 \text{ rupees}A=13144.256 rupees
⇒ Total interest in 3 years = 13144.256 - 8000 = 5144.256 rupees.
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Answered by
1
Answer:
bank is fool in my opnin bank never gave a such a big interest
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