Question

A sum of Rs. 6,000 is deposited
for 3 years at 5% per annuam
compound interest (compoun-
ded annually). The difference
of interests for 3 and 2 years
will be:​

Answer 1

Answer:

284.75

Explanation:

amount for 3 year=p×(1+r/100)^t

=6000(1+5/100)³

=6000×21×21×21/20×20×20

=6945.75

CI=945.75

amount for 2 year=6000×(1+5/100)²

=6000×21×21/20×20

=6615

CI=615

different between interests for 3 year and 2 year=945.75-615

=284.75

Answer 2

But Isn’t this a math question