Question

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

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Answer 1

A= p(1+r/100)t

= 6000(1+10/100)3

= 6000(11/10)3

= 6000*11/10*11/10*11/10

amount = 7986

total intrest = a-p

7986- 6000

intrest = 1986