The compared interest on Rs 4000 at 10% P.A for 3 years is
Answers
Answered by
3
Given ,
P = ₹ 4000
R = 10% pa
T = 3 years, n = 3.
To Find :-
The compound interest
Formula :-
On inserting the values in the formula
We get ,
A = ₹5324
CI = Amount - Principal
= ₹(5324 - 4000)
= ₹ 1324
Therefore, Compound Interest is ₹1324
Short-hands Used :-
- P = Principal
- R = Rate
- T = Time
- A = Amount
- CI = Compound Interest
Answered by
2
It should be compound not compared.
P=4000
R=10%
T=3years
CI=??
Answer:
CI =1324
FORMULA :
CI=P[(1+R/100)ⁿ-1]
Explanation :
CI=P[(1+R/100)ⁿ-1]
CI=4000[(1+10/100)³-1]
CI=4000[(1+1/10)³-1]
CI=4000[(11/10)³-1]
CI=4000 [1331/1000-1]
CI=4000[(1331-1000)/1000]
CI=4000×331/1000
CI=4×331
CI=1324
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