Question

8) Arpit deposited Rs 6000 at the interest rate of 6% per annum for three years. The interest was compounded on yearly basis
plz ans fast​

Answer 1

C I = ₹1146.096

Amount = ₹7146.096

Step-by-step explanation:

Principal = ₹6000

Rate = 6%

Time (n) = 3 years.

Amount = Principal (1+rate/100)^n

= ₹6000(1+6/100)³

=₹6000×106/100×106/100×106/100

= ₹ 7146.096.

Compound interest = Amount - Principal

= ₹(7146.096 - 6000)

= ₹ 1146.096.

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