Q1 of 52 Page 112

I have ₹5000 in my hand. I deposited that money in a bank at the rate of 8.5% compound interest per annum for two years. Let us write by calculating how much money I shall get at the end of 3 years.

We know that amount after 3 years


Where p = principal, r = rate of interest and n = time = 3 years


From given, p = ₹5000 and r = 8.5%


So, the amount after 3 years



= ₹6386.44


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2

Let us calculate the amount of ₹5000 at the rate of 8% compound interest per annum for 3 years.

 3

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 4

Let us write by calculating the amount on ₹30000 at the rate of 9% compound interest per annum for 3 years.

 5

Let us write by calculating the amount on ₹80000 for years at the rate of 5% compound interest per annum.