Type 2Find the amount Rakesh will get after three years if he lendscom – InterviewSolution

1.

Type 2Find the amount Rakesh will get after three years if he lendscompounded annually8000 to his friend at 5% per annum

Answer»

Amount = 8000(1+5/100)³

= 8000*105*105*105/1000000

= 9261 rupees

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