Diksha has taken a loan of Rs 25000 from a financial firm at 6% per annum for 3 years. what would be the compound interest given by her to the firm after 3 years ?
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Rs 4775.4
Step-by-step explanation:
here given, principal = Rs 25000
rate= 6% p.a. , time= 3 years.
we know, C.I.=p (1+r/100)^t-p
=25000 (1+6/100)^3-25000
=25000 (106/100)^3-25000
=25000×106/100×106/100×106/100-25000
=25000×53/50×53/50×53/50-25000
=29775.4-25000=4775.4
Hence,Rs 4775.4 is the compound interest which is given by her to the firm after 3 years.
hey mate,here is your answer . Hope it will help.
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