Find Interest to be paid after 3 years at 5% rate of interest p.a. at the sum of Rs. 3000
Answers
Answered by
5
Answer:
ANSWER
CI=1,261,r=5%, T=3
CI=P[(1+
100
R
)
N
−1]
1,261=P[(1+
100
5
)
3
−1]=P(
20
21
×
20
21
×
20
21
−1)
1,261=P(
8,000
9,261
−1)
P=1,261×
1,261
8,000
=Rs8,000
Step-by-step explanation:
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Answered by
1
Answer:
450
Step-by-step explanation:
SI=P×R×T/100
3000×5×3/100
30×5×3
450
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