Math, asked by anmolpreetsingh1982, 9 months ago

calculate compound interest on Rs 60,000 for 3 years if rate for 3 years is 4%,5%,6%

Answers

Answered by raotd
1

Answer:

Amount = 66780

Compound Interest  = 6780

Step-by-step explanation: P = 60000

I = 5%

Interest for 1 year = (P * R * T) / 100

                            =(60000*5*1) / 100

                            = 3000

P for 2nd year = 60000 + 3000 = 63000

I = 6%

Interest for 2nd year = (P * R * T) / 100

                                  =(63000*6*1) / 100

                                  = 3780

Amount = 63000 + 3780 = 66780

Compound Interest  = 3000 + 3780 = 6780

Hope , it helps.

Answered by Itzraisingstar
1

Answer:

Step-by-step explanation:

So formula= P(1+r/100)(1+r/100)(1+r/100)

60000(1+4/100)(1+5/100)(1+6/100),

69451.20.

69451.20-60000,

9451.20 is the Compound interest!

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