Vineet deposited ₹8500 in a finance company which pays 18% interest per year. Find the amount he will receive after 3 years.
Answers
Answered by
37
P= 8500rs
R= 18% ×3
=54%
A= P(1+R/100)
= 8500(1+54/100)
= 8500(154/100)
=13090
Hope it's correct : )
R= 18% ×3
=54%
A= P(1+R/100)
= 8500(1+54/100)
= 8500(154/100)
=13090
Hope it's correct : )
Answered by
9
Answer:
13,090
Step-by-step explanation:
Vineet deposited= 8500
Rate=18%
Time=3 years
Formula of Simple interest=PxRxT/100
So 8500x5x3/100
It will be 4590.
Now he will receive 8500+4590
= 13090
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