Vijay obtain a loan of 64000 against his fixed deposits. if the rate of interest is 2.5 percent per annum, calculate the compound interest payable after 3 years.
Answers
********. P = Rs. 64000 ***********
r = 2.5 paise per rupee per annum
= 0.025 rupee per rupee per annum
= 0.025 x 100 rupee per hundred rupee per annum
= 0.025 x 100 per cent per annum
= 2.5 per cent per annum
t = 3 years
C.I. = 6400[(1 + 2.5/100)3 - 1]
= 64000[(1.025)3 - 1]
= 64000[1.0769 - 1]
= 64000 x 0.0769
= 4921.6
= Rs. 4921
∴ The compound interest payable is Rs. 4921.
Please mark my answer as the brainliest
Answer:
P = Rs. 64000
r = 2.5 paise per rupee per annum (given)
= 0.025 rupee per rupee per annum
= 0.025 x 100 rupee per hundred rupee per annum
= 0.025 x 100 per cent per annum
= 2.5 per cent per annum
t = 3 years
C.I. = 6400[(1 + 2.5/100)3 - 1]
= 64000[(1.025)3 - 1]
= 64000[1.0769 - 1]
= 64000 x 0.0769
= 4921.6
= Rs. 4921
∴ The compound interest payable is Rs. 4921.
Step-by-step explanation:
purple uh watch bts interview today