What would be the compound interest occurred on an amount of Rs. 8000 at the rate of 15 p.c.pa in three years?
Answers
Answered by
1
Answer:
Rs.4,167
Step-by-step explanation:
P = 8,000
r = 15%
n = 3 years
C.I = P [(1+r/100)^n -1]
= 8,000[(1+15/100)^3 -1]
= 4,167
krishnik27:
Thank u so much
it's my pleasure
Similar questions