Question

4. Find the amount and compound interest 60,000 at 15% for 3 years. on​

Answer 1

Answer:

So,the formula to find compound interest is

A = P(1+r/100)^t

A = 60000(1+15/100)³ = 60000(23/20)³

= 12167×15/2

= 91252.5 rs

⧪ $\boxed{\bf{\pink{So,Amount = 91252.5rs}}}$⧪

C.I = A-P

C.I = A - P = 91252.5 - 60000

= 31,252.5rs

$\boxed{\bf{\orange{So, Compound interest = ₹ 31,252.5}}}$