anybody plss give me answer
Answers
Answer:
Compound interest = 4167.45
Step-by-step explanation:
Given,
simple interest, S = 540
Rate of interest, R = 5%
Time period, n = 3 years
we need to find compound interest of the same rate of same period,
we know that,
S = PRT /100
540 = P × 5 × 3 / 100
540 = 15 × P / 100
P = (100 × 540)/ 15
P = (20×540)/3
P = 20×180
P = 3600 Rs.
so, Principle is Rs. 3600
now,Compound interest
A = P [1+(R/100)]^n
A = 3600 [1 + (5/100)]^3
A = 3600 [1 + (1/20)]^3
A = 3600 (21/20)^3
A = 3600 × (21/20) × (21/20) × (21/20)
A = 36 × (21/2) × (21/2) × (21/20)
A = 18 × 21 × (441/40)
A = 9 × 21 × (441/20)
A = 189×441/20
A = 83349/20
A = 4167.45