Question

Calculate compund interest and amount for rupees 6000 in 3yrs in 5% per annum.. (without using formula)

Answer 1

Principal Amount=Rs.6000

Time=3years

Rate of interest=5%p.a.

S.I.= P.R.T

100

C.I.= P.R.T

100

A/Q

compound interest of 1st year

6000x5x1 = 300

100

6300x5x1 = 315

100

6615x5x1 = 330.75

100

so, the Final amount will be Rs.6945.75 Ans.

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