Question

find compound interest on a sum of RS 10000 for 3 years at 6% per annum compounded annually ​

Answer 1

Answer:

1908.36 is answer✔️✔️✔️✔️✔️

Answer 2

ᏒᎬquᎥᏒᎬᎠ ᎠᎪᏆᎪ

principal=10000 ruppes

time =3 years

rate of interest=6%

we solve this sum using the formula of Amount

formula of Amount In compound interest given below

Amount=p(1+r/100)t[here p is principal ,r =rate of interest and t =Time]

Amount=10000(1+6/100)³ruppes

=10000(106/100)³ruppes

=10000(53/50)³ruppes

=10000×53/50×53/50×53/50ruppes

=11910.16 ruppes

compound interest or ci=Amount-principle =11910.16-10000=1910.16 ruppes

ČŐМРŐÚŃĎ ĨŃŤĔŔĔŚŤ

Compound interest is the interest you earn on interest. This can be illustrated by using basic math: if you have $100 and it earns 5% interest each year, you'll have $105 at the end of the first year. At the end of the second year, you'll have $110.25.