Question

what would be the compound interest accured on a amount of rs 8000 at the rate of 15%per annum in 3 yrs ​

Answer 1

P= 8000

R=15% per annum

n= 3 years

formula

P=(1+R/100)n

let's solve

8000(1+15/100)3

8000×(115/100)3

8000×115×115×115

________________

100×100×100

= 12167

then the

12167- 8000= 4167

the answer is 4167 so you satisfied