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Find the Amount and the Compound Interest on the Following: Rs.8000 for 3years at 10% per Annum Compounded Annually. - Mathematics

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प्रश्न

Find the amount and the compound interest on the following:
Rs.8000 for 3years at 10% per annum compounded annually.

योग
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उत्तर

Rs.8000 for 3years at 10% per annum compounded annually.
Here P = Rs.8000, t = 3years, r = 10%
Now, Amount 
= `"P"(1 + "r"/100)^"t"`

= `8000(1 + 10/100)^3`

= `8000(11/10)^3`

= `8000 xx (1331)/(1000)`
= 10648
Hence, Amount = Rs.10648
Also, C.I.
= A - P
= Rs.10648 - Rs.8000
= Rs.2648.

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Concept of Compound Interest - When the Time is Not an Exact Number of Years and the Interest is Compounded Yearly
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 3: Compound Interest - Exercise 3.2

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फ्रैंक Mathematics [English] Class 9 ICSE
अध्याय 3 Compound Interest
Exercise 3.2 | Q 1.1
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