Question

Find p, if amount is Rs354, Time:-3years and the rate:-6% p.a.

Answer 1

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Here's your answer

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Here given ,

Principle ( p ) = rs 354

Time ( t ) = 3 years

Yearly rate ( r ) = 6% p.a.

Now ,

★ Simple interest

= p t r / 100

= 354 × 3 × 6 / 100 [ • Putting the values ]

= 6372 / 100

= rs 63.72

★ And compound interest

= p ( 1 + r / 100 )^t

= 354 ( 1 + 6 / 100 )^3 [ • Putting the values ]

= 354 ( 53 / 50 )^3

= 354 × ( 53 / 50 ) × ( 53 / 50 ) × ( 53 / 50 )

= rs 421.61

★ And compounded money

= 354 + 421.61

= rs 775.61

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$<b><u><marquee direction> Hope it helps !!$