Question

find the amount and compound interest on a sum of ₹18,000 at 6%p.a. for 3 years compounded annually

Answer 1

The formula for compound interest is

Amount= Principle(1+rate/100)^n

Thus your answer will be

Amount = 18000(1+0.06)^3

Thus amount= ₹21,438
Interest= ₹3,438 (Amount - Principal)

Answer 2

Answer:

here is your answer.......