Question

calculate the amount and compound intrest on :
6000 in 3 years at 5% per annum

Answer 1

Calculate the Amount and the Compound Interest on : Rs. 6,000 in 3 Years at 5% per Year. - Mathematics

6 , 000 × 5 × 1 100. = Rs. 300. And, amount = Rs. ( 6,000 + 300 ) = Rs. ...

6 , 300 × 5 × 1 100 = Rs. 315. And, amount = Rs. ( 6,300 + 315 ) = Rs. ...

6 , 615 × 5 × 1 100 = Rs. 330.75. And, Amount = Rs. ( 6,615 + 330.75 ) = Rs.

Answer 2

Step-by-step explanation:

For ,

N=3years

R=5 % 

=>P=Rs6,000

And on interest being compounded we have,

 Amount=P(1+100R)N=6,000×(1+1005)3=6,000×1.053=Rs6,945.75

So, C.I.=A−P=Rs6,945.75=Rs6,000=Rs945.75