is expey
4
Priyanka deposited 6500 in a bank which pays 9% per annum interest. She 12
end of the first year. What amount will she get after three years?
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is expey
4
Priyanka deposited 6500 in a bank which pays 9% per annum interest. She 12
end of the first year. What amount will she get after three years?
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[tex]\huge\colorbox{lime}{Answer}[/tex]
Given:-
Principle=6500
Rate=9% per annum
step by step:-
Interest after 1 year
⇒[tex]\sf \dfrac{PRT}{100}=\dfrac{6500×9×1}{100}=585Rs.[/tex]
⇒ Total Amount=6500+585=7085 Rs.
Withdrawal after 1 year=12500
⇒ Remaining =7085−1250=5835Rs.
Total after next 2 years
Amount=[tex]\sf 5835(1+\dfrac{9}{100} )^2=6932.56Rs.[/tex]
⇒ Amount she will get after 3 years=6932.56Rs.