mohit invest 70000 at 20% p.a for 3 yrs how much amount would he get at end of third years.Also find compound interest
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mohit invest 70000 at 20% p.a for 3 yrs how much amount would he get at end of third years.Also find compound interest
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Answer:
amount that mohit will get at the end of 3 years Rs. 1,20,960
Step-by-step explanation:
according to the question ::
=>principal=Rs. 70,000; rate=20% p.a ;time=3 years
so,amount at the end of two years will be:-
=>70,000* [1+20/100]^3
=>70,000*[1+2/10]^3
=>70,000*[12/10(taken LCM and added)]^3
=>70,000*12/10*12/10*12/10
=>12,09,60,000/1000
=>1,20,960
and compound interest is already included in the answer
so, here is your answer => Rs. 1,20,960
HOPE IT HELPS!!!!!!
if any queries please comment an please mark as brainliest and follow please
Answer:
amount that mohit will get at the end of 3 years Rs. 1,20,960
according to the question ::
=>principal=Rs. 70,000; rate=20% p.a ;time=3 years
so,amount at the end of two years will be:-
=>70,000* [1+20/100]^3
=>70,000*[1+2/10]^3
=>70,000*[12/10(taken LCM and added)]^3
=>70,000*12/10*12/10*12/10
=>12,09,60,000/1000
=>1,20,960
and compound interest is already included in the answer
so, here is your answer => Rs. 1,20,960
HOPE IT HELPS!!!!!!
if any queries please comment an please mark as brainliest and follow please