Question

calculate the compound interest for the second year on Rs 6000 invested for 3 years at 10% per annum full stop also find sum due to due at and the end of 3rd year​

Answer 1

Answer:

The C.I of its is 1980

Step-by-step explanation:

so first we must find S.I

So, formula of S.I is principle x time period x rate% divided by 100

So, for 1st year it is PxTxR by 100

                           =6000x1x10by 100

 S.I of 1st year    = 600

amount= Principle+ S.I

            =6000+600

             =6600

Then, it becomes the principle of 2nd year

So,     =6600x1x10 by 100

          =660

amount=6600+660

            = 7260

Then, it becomes the principle for 3rd year

So,        =7260x1x10 by 100

             =726

amount=7260+726

            = 7980

Compound Interest=Final amount - Original principle

                                =7980-6000

                                 =1980

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