Anshuman Barrowed Rs 30000 from a bank at 12% per annum simple interest. He then lent it to his friend Pranav at the same rate but compounded annually. find his gain after third year.
Answers
Answered by
1
Answer:
He gains Rs 1347.84 after 3rd year
Step-by-step explanation:
Principle = Rs 30000
Time = 3 yrs
Rate = 12%
I = PRT/100
= 30000 × 12 × 3 / 100
= 300 × 36
= Rs 10800
Principle = Rs 30000
Time = 3 yrs
Rate = 12%
A = P ( 1 + r/100)ⁿ
= 30000 ( 1+ 12 / 100 )³
= 30000 ( 1 + 0.12 )³
= 30000 ( 1.12 )³
= 30000 × 1.404928
= Rs 42147.84
I = Rs 42147.84 - Rs 30000 = Rs 12147.84
Answered by
0
Answer:
He gains Rs 1347.84 after 3rd year
Principle = Rs 30000
Time = 3 yrs
Rate = 12%
I = Rs 10800
Principle = Rs 30000
Time = 3 yrs
Rate = 12%
I = Rs 42147.84 - Rs 30000 = Rs 12147.84
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