Question

Rohit deposited $Rs9,000$ with the State Bank of Indian for $3$ years at an interest of $15\%$ per annum. What is the compound interest that Rohit gets after years ?

Answer 1

Given that,

Rohit deposited $Rs.9000$

Time$=3$ years

Rate$=15$%

We know that,

$Amount=p{\left(1+\frac{r}{100}\right)}^3$

$=13688$

Then,

We get the compound interest for Rohit gets $4688$ after years.