Question

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.
​

Answer 1

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 ✌

Answer 2

Answer:

CCB

Step-by-step explanation:

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