Question

Calculate the amount and the compound
interest on:
(i) 6,000 in 3 years at 5% per year.
(1) 8,000 in 2 1/2years at 15% per annum.
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Answer 1

Answer:

...... 6945.75 rs

Step-by-step explanation:

p=6000rs. R=5% T=3yr

A=P(1+R/)^n

A = 6000 [1+5/100]^3

A= 6000 × 21/20 ×21/20 ×21/20

A = 0.75 ×21×21×21

A = 6945.75 Rs

hope it's helpful..........