हिंदी

Shekhar Had a Fixed Deposit of Rs 24000 for 3 Years . If He Received Interest at 10% P.A Compounded Annually, Find the Amount Received by Him at the Time of Maturity.

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प्रश्न

Shekhar had a fixed deposit of Rs 24000 for 3 years . If he received interest at 10% p.a compounded annually, find the amount received by him at the time of maturity.

योग
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उत्तर

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

Amount = `24000 (1 + 10/100)^3 = 31944`

Therefore, Shekhar received Rs . 31944 at the time of maturity.

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