Question

Calculate the amount and compound interest on 10,000 for three years at 6%per annum compounded annually.

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Answer 1

Answer:

10000*3/12*6/100

=150

Answer 2

Answer:

PLEASE MARK AS BRAINLIEST

Rs. 2597 . 12

Step-by-step explanation:

⇒ For Ist year

Principal (P) = Rs. 10,000

Rate (R) = 8%

Time (T) = 1 year

∴ Interest = (10,000 × 8 × 1)/100 = 100 × 8 = Rs. 800

⇒ For 2nd year

P = Rs. 10,000 + Rs. 800 = Rs. 10,800

Rate (R) = 8%

Time (T) = 1 Year

∴ Interest = (10,800 × 8 × 1)/100 = 108 × 8 = Rs. 864

⇒ For 3rd year

∴ P = Rs. 10,800 + Rs. 864 = Rs. 11664,

R= 8%

⇒ T = 1 Year

∴ Interest = (11664 × 8 × 1)/100 = (11664 × 2)/25

= Rs. 933.12

∴ Amount = Rs. 11664 + 933.12 = Rs. 12597.12

⇒ Hence required amount = Rs. 12597.12

⇒ ∴ Compound interest

= Rs. 12597.12 – 10000 = Rs. 2597 . 12