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RD Sharma Solutions Class 8 Mathematics Solutions for Compound Interest Exercise 14.2 in Chapter 14 - Compound Interest
Prev
Rahman lent Rs. 16000 to Rasheed at the rate of 12 ½ % per annum compoundinterest. Find the amount payable by Rasheed to Rahman after 3 years.
Answer:
Given details are,
Principal (p) = Rs 16000
Rate (r) = 12 ½ % per annum = 12.5%
Time (t) = 3 years
By using the formula,
A = P (1 + R/100)^n
= 16000 (1 + 12.5/100)^3
= 16000 (112.5/100)^3
= Rs 22781.25
∴ Amount is Rs 22781.25
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