Question

Calculate the compound interest on rupees 25000 in 3 years when the rate of interest for 3 successive years is 6%,10%and 8%p.a. respectively...... Plz answer fast plz......

Answer 1

It is given that ,

Principal = p = Rs 25000

Time = t = 3 years

Rate of interest per annum = r = 4%

Number of times interest paid (n ) = 3

Amount ( A ) = p ( 1 + r/100 )ⁿ

A = 25000 ( 1 + 4/100 )³

A = 25000 ( 1 + 1/25 )³

A = 25000 ( 26/25 )³

A = (25000×26×26×26)/( 25×25×25)

A = Rs 28121.60

Therefore ,

Compound interest = A - p

C.I = 28121.60 - 25000

C.I = Rs 3121.60

I hope this helps you.

Answer 2

calculate the compound interest on 25000rs in 3years when the rate of interest for 3suscesive year is