Question

6 . Calculate the amount and the compound interest on Rs64000 for 3 years at
7 % per annum compounded annually. ​

Answer 1

Answer:

13440

Step-by-step explanation:

simple interest=P×R×T/100

Answer 2

Step-by-step explanation:

Given :-

• Principle ( P) = Rs. 64,000
• Rate of interest ( R) = 7% or $\frac{7}{100}$
• Time ( T ) = 3 years

We know that :-

• Amount = $\frac{P~×~T~×~R}{100}$

• Amount = $\frac{64, 000~×~3~×~7/100~}{100}$

• Amount = $\frac{640~×~3~×~7}{100}$

• Amount = $\frac{64~×~3~×~7}{10}$

• Amount = $\frac{1, 344}{10}$

• Amount = Rs. 134.4