Question

the amount to be deposited in a bank for 6 years for getting an interest of 18000 at 8 1/3% per annum is ______.​

Answer 1

Answer:

Correct option is

D

Rs 9,261

Step-by-step explanation:

we know that,

A=P(1+

100

R

)

n

Putting the values in this formula we will get the amount

Principal is 8000

time is 3 years

rate is 3%

so,

=8000(1+

100

5

)

3

=8000×(1.05)

3

=8000×1.1576=9261

After 3 years he will get Rs9261

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