Q5 of 30 Page 125

Shreya won a cash prize of Rs 1250 for standing first in the Std VII exam. She invested that amount as a term deposit in a bank for 3 years at a rate of compound interest of 8 p.c.p.a. What is the amount that she will receive from the bank at the end of the term?

Given: Principal (P) = Rs. 1250, Rate of Interest (R) = 8% and Number of years (n) = 3year

As Amount (A):






⇒ A = Rs. 1574.64


Amount that shreya will receive from the bank at the end of the term = Rs. 1574.64


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