Que-1) find the amount akbar would get after 3 years if he invested Rs 40,000 for 3 years at 8% interest compounded annually .
Que-2 ) find the compound interst on Rs 10,000 for 1 year and 3 months at 8% p.a. compounded annually .
Que-3) sheela borrowed Rs 30,000 from the bank @ 15% compounded yearly . what amount will she pay at the end of 2 years and 4 months to clear the loan ?
Que-4) ramu purchased a boat for Rs 16,000 . If the cost of the boat is depreciating at the rate of 5% p.a. , calculate its value after 2 years.
1) find the amount akbar would get after 3 years if he invested Rs 40,000 for 3 years at 8% interest compounded annually .