At the start of a year there were Rs.24000 in a saving account. After adding Rs.56,000 to this, the entire amount was invsted in the bank at 7.5% compound interest. What will be the total amount after 3 years?
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At the start of a year there were Rs.24000 in a saving account. After adding Rs.56,000 to this, the entire amount was invsted in the bank at 7.5% compound interest. What will be the total amount after 3 years?
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Answer:
At the start of year there were Rs 24,000 in a savings account. Therefore, 56,000+24,000=80,000. Compound Interest = Amount - Principal. =99383.75.
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