shubham deposited ₹1500 in his savings bank accounts find the compou

1.	shubham deposited ₹1500 in his savings bank accounts find the compound interest earned by him after 3 year at the rate of 4% per annum
Answer» ɢɪᴠᴇɴ ----ᴩ = ₹ 1500ʀᴀᴛᴇ = 4%ᴛɪᴍᴇ = 3 yᴇᴀʀꜱᴄɪ = ??? ᴀꜱ ᴡᴇ ᴋɴᴏᴡ ,ᴄɪ = ᴩ(1+i)^n -ᴩ ꜱᴏ , CI = 1500 ( 1+0.04)^3 - 1500= 1500 ( 1.04)^3 - 1500= 1500( 1.124864) -1500= 1687.296 - 1500= ₹ 187.296 ꜱᴏ ᴛʜᴇ ᴄɪ ᴇᴀʀɴᴇᴅ ʙy ꜱʜᴜʙʜᴀᴍ = ₹187.296

shubham deposited ₹1500 in his savings bank accounts find the compound interest earned by him after 3 year at the rate of 4% per annum

Answer»

ɢɪᴠᴇɴ ----ᴩ = ₹ 1500ʀᴀᴛᴇ = 4%ᴛɪᴍᴇ = 3 yᴇᴀʀꜱᴄɪ = ???

ᴀꜱ ᴡᴇ ᴋɴᴏᴡ ,ᴄɪ = ᴩ(1+i)^n -ᴩ

ꜱᴏ ,

CI = 1500 ( 1+0.04)^3 - 1500= 1500 ( 1.04)^3 - 1500= 1500( 1.124864) -1500= 1687.296 - 1500= ₹ 187.296

ꜱᴏ ᴛʜᴇ ᴄɪ ᴇᴀʀɴᴇᴅ ʙy ꜱʜᴜʙʜᴀᴍ = ₹187.296