Question

suhas deposited Rs.15,000 in a bank for 3 years at the rate of 8 p.c.p.a. at compound interest. what amount will suhas receive from the bank at the end of the term. ​

Answer 1

Answer:

Rs.18895.68

Step-by-step explanation:

Therefore, 18895.68 will suhas receive from the bank at end of year

Answer 2

Answer:

Given :-

• Principle = 15000
• number of year = 3
• rate = 8%
• amount = ?

To find:-

• what amount will suhas receive from the bank at the end of the term.

Solution:-

$as \: we \: know \\ \\ amount = p \times ( { \frac{r}{100} + 1 })^{n} \\ \\ amount = 15000 \times ({ \frac{8}{100} + 1 })^{3} \\ \\ \: \: \: \: \: \: \: \: \: \: \: \: \: = 15000 \times ( { \frac{108}{100} })^{3} \\ \\ \: \: \: \: \: \: \: \: \: \: \: \: = 15000 \times \frac{108}{100} \times \frac{108}{100} \times \frac{108}{100} \\ \\ \: \: \: \: \: \: \: \: \: \: \: \ = \frac{15 \times 108 \times 108 \times 108}{1000} \\ \\ \: \: \: \: \: \: \: \: \: \: = \frac{18895680}{1000} \\ \\ \: \: \: \: \: \: \: \: \: = 18895.68$