Question

suhas deposited rupees 15000 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

If we divide 15000 with 24 , we get answer as 625 . 625 will be subtracted with 15000 so, Suhas will get ₹14375 after 3years . This is own and easy technique to solve the problems.