Question

Find out the total amount and the compound interest in each of the following cases. (a) Principal = 6,000, rate of interest = 10% p.a., time = 3 years (b) Principal = 50,000, rate of interest = 5% p.a., time = 2 1/2 year​

Answer 1

Answer:

(a)

A=P(1+R) n

A=6,000(1+10/100) ³

A=6,000(1+1/10) ³

A=6,000(11/10) ³

A=6,000X1331/1,000

A=6X1331

A=7986

CI=7986-6000

CI= 1,986

Answer 2

Step-by-step explanation:

amount p(1+r/100)n

=6000(1+10/100)3

=6000(1+1/10)3

=6000(10+1/10)3

=6000(11/10)3

=6000×1331/1000=6×1331

amount=₹7986

ci=a-p

=7986-6000

ci=₹1986. answer.