Question

4. Find the amount and compound interest on 60.000 at 15% for 3 years.​

Answer 1

Answer:

₹31252.5

Step-by-step explanation:

first, A=P(1+R/100)^T

Amount=60000(1+15/100)^3

A=60000(115/100)^3

A=60000*115/100*115/100*115/100

A=6*115*115*115/100=9125250/100=₹91252.5

Amount=₹91252.5

Compound interest=principal-amount

CI=91252.5-60000

CI=31252.5

Hence, Amount is ₹91252.5 and Compund Interest is ₹31252.5

Answer 2

Answer:

A=91252.5

CI=31252.5

Step-by-step explanation:

P=60000 R=15% T=3years

A=P(1+R/100)^n

60000(1+15/100)^3

60000(115/100)^3

60000×115/100×115/100×115/100

A=91252.5

CI=A-P

91252.5-60000

31252.5