Question

calculate the amount of compound interest for the second year on rs 6000 for 3 years at 10% per annum.Also find the sum due at tge end of third year.​

Answer 1

Answer:

Step-by-step explanation:

sum for the second year would be. 6000+600 = Rs. 6600. Compound interest for the second year.

Sum for the third year would be.

Compound interest for the third year would be.

Sum due at the end of 3 rd year would be.

Hence, a) Rs. 660 b) Rs. 7986.