8. Simple interest on a sum of money for 3 years at 10% per annum is 600. Find the compound
interest on that sum at the same rate for the same period.
Answers
Answered by
3
Answer:
SI=
100
P×R×T
8750=
100
P×
3
20
×3
8750=
100
20P
P=43750
Compound Interest
A=P(1+
100
r
)
t
=43750(1+
100
3
20
)
3
=43750(1+
3
20
×
100
1
)
3
=43750(1+
15
1
)
3
=43750(
15
16
)
3
=43750×
15×15×15
16×16×16
=
3×3×3
16×16×16×350
=
27
4096×350
=
27
1433600
=53096.296
=53096
Compound Interest = A - P
=53096−43750
=9346 Answer.
Step-by-step explanation:
Thanks a lot ✌
Answered by
0
Answer:
CCB
Step-by-step explanation:
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