हिंदी

Neha Loaned Rs 27500 to a Friend for 1 3/4 Years at 8 % P.A. Compound Interest. Find the Interest Earned by Her.

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प्रश्न

Neha loaned Rs 27500 to a friend for 1 3/4 years at 8 % p.a. compound interest. Find the interest earned by her.

योग
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उत्तर

Amount = `"P" (1 + "r"/100)^"t"`

Amount = `27500 (1 + 8/100)^(1.75) = "Rs"  3982`

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Concept of Compound Interest - Compound Interest as a Repeated Simple Interest Computation with a Growing Principal
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