Question

Calculate the amount and compound interest when :
Principle is 6000
Rate is 5 percent
Time is 2 years

Answer 1

Step-by-step explanation:

$ci \\ p(1 + \frac{r}{100} ) {}^{t} \\ 6000(1 + \frac{5}{100} ) {}^{2} \\ 6000( \frac{15}{100} + \frac{15}{100} ) \\ 6000 \times 0.15 \times 0.15 \\ = 135rs. \\ ci = 135rs..... \\ \\ \\ hope \: its \: helps....$

Answer 2

Answer is 615
Steps to do this sum