a person invested rs 500 at a rate of interest 18% for 3 years .what is the compound interest he get?
rupee rs means
compound interest = 100 + 18 =118 Right ?
how ?.no
500*118*118*118/1000000-500=ans right ah
If we get the first mony 100% and the compound interest 18% for a year the mony is 100%+18% = 118% OK ?
no.i cant
Why ?!
how 100%
Because we have all the mony !!!:)
321-500=answer i think
compound interest formula?
c.i=p(1+r/100)^n
Hey we have compound interes and in this we cant reduse the mony ! We get mony more !
We dont need to fomula !
for 3 years
I answer you : 100%+18=118% Our mony than a year . 100_______________500 118________________x x=118.500/100=590 than a year .
For one years again : 100+18=118% 100____________________590 118______________________x x=118.590/100=631/5 For 2th year .
ya.
For 3th year : 100+18=118% 100______________________631/5 118_______________________x x=118.631/5/100=38229/10
That was your answer ! Understand ?
that only i told earlier.
k
500*118*118*118/1000000-500=ans right ah
Yeah !
Excuse me to it was iong ! I want to you know good !
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