harish deposited ruppes 10000 in a bank paying interest at the rate of 8% per annum. find the amount she has to repay to the bank at the end of 3 years
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harish deposited ruppes 10000 in a bank paying interest at the rate of 8% per annum. find the amount she has to repay to the bank at the end of 3 years
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Answer:
Compound interest =A−P=5780−5120=Rs.660
Step-by-step explanation:
As we know that,
A=P(1+
100
R
)
n
Here,
A= Amount
P= Principle =Rs.5120
R= Rate of interest =
4
25
%
n= No. of years =2
Therefore,
A=5120
⎝
⎜
⎜
⎜
⎜
⎜
⎛
1+
100
(
4
25
)
⎠
⎟
⎟
⎟
⎟
⎟
⎞
2
⇒A=5120(1+
16
1
)
2
⇒A=5120×
16×16
17×17
=20×289=Rs.5780
Therefore,
Compound interest =A−P=5780−5120=Rs.660
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Answer:
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