Tina has rupees 100 in his saving account that earns 10% intrest per year how much will she have in 3 years
Answers
Answered by
0
Answer:
133.1 rupees
Step-by-step explanation:
year 1 : 10% of 100 = 10
100 + 10 = 110
year 2 : 10% of 110 = 11
110 + 11 = 121
year 3 : 10% of 121 = 12.1
121 + 12.1 = 133.1
Answered by
0
Answer:
Rs. 130 or Rs. 133.1 depending on if it is compounded or not.
Step-by-step explanation:
Interest = PRT/100
Here, P (principal) = Rs.100.
And, T (time) = 3 years.
And, R (rate) = 10% per year.
So, interest = 100 × 3 × 10 / 100.
= 3 × 10.
= Rs. 30.
Amount she'll have = Rs. 100 + Rs. 30
= Rs. 130.
It could also be:
P [1 + R/100] ^ T = 100 [1 + 10/100] ^ 3
= 100 × 110/100 ^ 3
= 110 × 110/100 × 110/100
= 110^3/10000
= Rs. 133.1
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