Question

an amount of RS 600 is compound annually at the rate 5%. the amount to be paid after three years
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Answer 1

600×3×5/100

6×3×5

=90

690 paid after three years

Answer 2

principal: 600

rate : 5

time : 3 years

A : P (1+r\100)^n

600 ( 1+ 5\100)^3

600(105\100)^3

600×1157625\1000000

694.5

C.I. = A-p

694.5-600

94.5

therefore, amount to be paid is 694 and c.i. is 94