Albert invested an amount of Rs. 6000 in a fixed deposit scheme for 3 years at a compound interest rate or э р.а.
Albert invested an amount of Rs. 6000 in a fixed deposit scheme for 3 years at a compound interest rate or э р.а. now much will Albert get on maturity of the fixed deposit?
अल्बर्ट ने 5% प्रति वर्ष की चक्रवृद्धि ब्याज दर पर 3 वर्षों के लिए एक सावधि जमा योजना में 6000 रुपये की राशि का निवेश किया। सावधि जमा की परिपक्वता पर अल्बर्ट को कितनी राशि मिलेगी?
Detailed Solution & Logic
Correct Answer:
6,945.75
Given:
- Principal $(P) = ₹6000$
- Rate $(R) = 5%$ p.a.
- Time $(T) = 3$ years
Formula:
$A=P\left(1+\frac{R}{100}\right)^T$
Calculation:
$A=6000\left(1+\frac{5}{100}\right)^3$
$=6000\left(\frac{105}{100}\right)^3$
$=6000\times 1.157625$
=₹6945.75
Answer: ₹6,945.75
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