What is the amount, including the interest, if ₹45,000
What is the amount, including the interest, if ₹45,000 is invested for 3 years at the rate of 10% per annum compounded annually?
यदि ₹45,000 को 10% वार्षिक चक्रवृद्धि ब्याज की दर से 3 वर्षों के लिए निवेश किया जाए, तो ब्याज सहित धनराशि कितनी होगी?
Detailed Solution & Logic
Correct Answer:
₹59,895
$ P = 45000, ; R = 10%, ; n = 3 $
A = P $ \left(1 + \frac{R}{100}\right)^n $
$ A = 45000 \left(1 + \frac{10}{100}\right)^3 $
$ A = 45000 \times (1.1)^3 $
$ (1.1)^3 = 1.331 $
$ A = 45000 \times 1.331 = 59895 $
Answer = 59895
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