Vidya borrowed rupees 10000 at the rate of interest 9 pcpa from a bachat Bank after 3 years how much amount will she paid to the bank by compound interest?
Answers
Answered by
3
Answer:
Step-by-step explanation:
Principle = 10000
Rate = 9%
Time = 3 yrs
General formula to get amount after 3 yrs is
Amount = principle(1 + rate/100)^3
Lets put the given values to get amount
Amount = 10000(1 + 9/100)^3
Amount = 10000 x 109/100 x 109/100 x 109/100
Amount = 12950.29
Similar questions