Aakash lent8,000 to his friend for 3 years at the rate of 5% per annum – InterviewSolution

1.	Aakash lent8,000 to his friend for 3 years at the rate of 5% per annum compounntl. jnerest. What amount does Aakash get after 3 years?
Answer» compound interestso A=P(1+R/100)^3 =8000(1+5/100)^3 =8000*(1.05)^3=9261

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