mohit invest 70000 at 20% p.a for 3 yrs how much amount would he get at end of third years.Also find compound interest Question mohit invest 70000 at 20% p.a for 3 yrs how much amount would he get at end of third years.Also find compound interest in progress 0 Math Amara 5 months 2021-12-21T20:38:29+00:00 2021-12-21T20:38:29+00:00 2 Answers 0 views 0

## Answers ( )

Answer:amount that mohit will get at the end of 3 years Rs. 1,20,960

Step-by-step explanation:according to the question ::

=>principal=Rs. 70,000; rate=20% p.a ;time=3 years

so,amount at the end of two years will be:-

=>70,000* [1+20/100]^3

=>70,000*[1+2/10]^3

=>70,000*[12/10(taken LCM and added)]^3

=>70,000*12/10*12/10*12/10

=>12,09,60,000/1000

=>1,20,960

and compound interest is already included in the answer

so, here is your answer => Rs. 1,20,960

HOPE IT HELPS!!!!!!

if any queries please comment an please mark as brainliest and follow pleaseAnswer:amount that mohit will get at the end of 3 years Rs. 1,20,960

according to the question ::

=>principal=Rs. 70,000; rate=20% p.a ;time=3 years

so,amount at the end of two years will be:-

=>70,000* [1+20/100]^3

=>70,000*[1+2/10]^3

=>70,000*[12/10(taken LCM and added)]^3

=>70,000*12/10*12/10*12/10

=>12,09,60,000/1000

=>1,20,960

and compound interest is already included in the answer

so, here is your answer => Rs. 1,20,960

HOPE IT HELPS!!!!!!

if any queries please comment an please mark as brainliest and follow please