calculate the amount and compound interest on ₹ 3000 at 5% per annum for 2 years
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Answered by
0
the are 2 methods of solving this.
the first method goes like this-
(3000×5)÷100=150
3000+150=3150
(3150×5)÷100=157.5
3150+157.5=3307.5
amount is 3307.5
CI = 150+157.5= 307.5
the second method_
3000×(105×105)/10000
3307.5
3307.5-3000=307.5
the first method goes like this-
(3000×5)÷100=150
3000+150=3150
(3150×5)÷100=157.5
3150+157.5=3307.5
amount is 3307.5
CI = 150+157.5= 307.5
the second method_
3000×(105×105)/10000
3307.5
3307.5-3000=307.5
Answered by
1
p(1+r/100)t =3000(1+5/100)2 =6615/2= 337.1
dhanushri:
welcome
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