Question

Find the amount and compound interest on a sum of ₹18000 ay 6% p.a. for 3 years compounded annually ?



Ans = 3438.29​

Answer 1

Answer:

3438.28

Step-by-step explanation:

p = 18000 , r = 6% , t = 3yrs.

A= P (1+r/100)³

= 18000 (53/50)³

= 18000 × 53/50 × 53/50 × 53/50

= 21438.28

C.l = A-P

= 21438.28 - 18000

= 3438.28