A sum of rs 6000 is deposited for 3 years at 5 per annum compounded annually
Answers
Answered by
1
Answer:
Rs.330.75
Step-by-step explanation:
Description for Correct answer:
Rate % =120
Time = 3 years
Let Principal = (20)3 = 8000 units
Differenee of interest for 3 years and 2 years
(400+20+20+1)=441
According to the question,
8000 units = Rs. 6000
1 unit =Rs.60008000
441 unit =Rs.60008000×441
= Rs. 330.75
.......................................................
please mark as brainliest
......................................................
Similar questions