A steno- typist deposits Rs 10000 in a bank for a period of 3 years at 12 % per annum compound interest . The interest accrued to her after maturity will be

byAmlesh Mahato •March 27, 2021

0

The Biotic World is the best free Educational Website for Students. The Biotic World Provides NCERT Solution PDF, CBSE Notes PDF, NCERT Books PDF for class 8, 9, 10, 11, 12. The Biotic World also provides GU TDC Syllabus, Previous Years Question Papers, TDC notes on different topics of Physics, Chemistry, Mathematics, Zoology and Botany any many more. So, Follow us to get tuned with latest updates.

Solution:

⇨Given

⇨ p = 10000

⇨ r = 12%

⇨ n = 3 years

⇨The interest accrued to her after maturity will be

$\large C.I=p\left \{ \left ( 1+\frac{r}{100} \right )^{n}-1 \right \}$

$\large \Rightarrow C.I=10000\left \{ \left ( 1+\frac{12}{100} \right )^{3}-1 \right \}$

$\large \Rightarrow C.I=10000\left \{ \left (\frac{100+12}{100} \right )^{3}-1 \right \}$

$\large \Rightarrow C.I=10000\left \{ \left (\frac{112}{100} \right )^{3}-1 \right \}$

$\large \Rightarrow C.I=10000\left \{\frac{1404928}{1000000}-1 \right \}$

$\large \Rightarrow C.I=10000\left \{\frac{1404928-1000000}{1000000} \right \}$

$\large \Rightarrow C.I=10000\left \{\frac{404928}{1000000} \right \}$

$\large \Rightarrow C.I=\frac{404928}{100}$

$\large \Rightarrow C.I=4049.28$ Rs

Tags: Math-Class-8

Post a Comment

Follow Us For Future Updates.