What would be the compound interest accrued on an amount of rupees 8000 at the rate of 15% in 3 years?

UPSC Government Jobs Exams Numerical Ability

• Compound Interest after 3 years will be:
  [8000*(23/20)^3]-8000=4167 Rs.
• 7 years agoHelpfull: Yes(1) No(0)
• 12167

  8000×(115/100)^3=12167

• 7 years agoHelpfull: Yes(0) No(0)
• 4167 using the formula A= P (1+R/100)^t.
  Interest = Amount -Principal
• 7 years agoHelpfull: Yes(0) No(0)
• [8000*(115/100)^3-1] 8000*(1.520875-1) 8000*0.520878

  4167rs

• 6 years agoHelpfull: Yes(0) No(0)
• 4167 CI=P[(1+i)ˆn-1] P=Principal Amount n=No of year i= Annual Interest rate CI=8000*[(1+0.15)ˆ3-1] CI=8000*[1.5208-1] CI=8000*0.5208

  CI=4167

• 3 years agoHelpfull: Yes(0) No(0)