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Nidhi deposited ₹7500 in a bank …

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Nidhi deposited ₹7500 in a bank which pays her 4% interest per annum compounded annally. Find the amount and the interest received received by her after three year
  • 2 answers

Madhav. Chaudhary 6 years, 10 months ago

936.48

Shourya Pratap Sangwan 6 years, 10 months ago

P=Rs.7500 R=4%p.a T=3 years A=P(1+R/100)^3 =7500(1+4/100)^3 =7500(1+1/25)^3 =7500(26/25)^3 =7500×17576/15625 =Rs.8436.48 C.I.=A - P =Rs.8436.48 - Rs.7500 =Rs.936.42
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