Question

Calculate the amount and CI, if the interest is compounded annually, on a sum of
6,5000 for 3 years at 10% p.a.
P= 65,000, n = 3 years, R = 10% p.a.​

Answer 1

Answer:

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ANSWER:-

Amount = Rs. 86515

Compound Interest = Rs. 21515

GIVEN:-

P (Principal) = Rs 65000

R (Rate) = 10% p.a (Per Annum)

T (Time) = 3 years

TO FIND:-

Compound Interest = ?

Take LCM.

LCM = 100

Cutting the zeros of 65,000 and 1,331,000 by 1,000,000 = 65×1331/1.

Amount is Rs 86515.

Now to find the compound interest we need to apply the formula that is Amount-Principal

So compound interest is Rs. 21515.-step explanation: