Anas deposited 25000 rupees in a bank which pays 6% interest
compounded annually. How much would he get back after 3 years?​

2 thoughts on “Anas deposited 25000 rupees in a bank which pays 6% interest<br />compounded annually. How much would he get back after 3 years?​”

1. Answer:

   20000(1+6/100)³

   = 20000*106*106*106/100*100*100

   = 23,820.32 rupees

   This is the right answer for your question.

   Reply

2. • rupees deposited=20,000

   • interest given by bank=6%

   • time = 3years

   • SI=P×R×T/100

   • SI=20,000×6×3/100
   • SI=3600

   • 20,000+3600=23,600Ans

   Reply