Question

find the amount and compound interest on rupees 15000 for year 3 at 4% annual rate of interest​

Answer 1

Step-by-step explanation:

For SI,

P = ₹15000

T = 3 yrs

R = 4%p.a.

SI = PxRxT/100

= 15000 x 3 x 4 / 100

= 150 x 3 x 4

= ₹1800

For CI,

P = ₹15000

T = 3yrs

R = 4%p.a

A = P ( 1 + R/100 ) T

A = 15000 ( 1 + 4/100 ) 3

A = 15000 ( 104/100 ) 3

A = 15000 x 104/100 x 104/100 x 104/100

A = 15000 x 26/25 x 26/25 x 26/25

A = ₹16872.96

CI = A - P

= ₹16872.96 - ₹15000

= ₹1872.96

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