Question

find the amount and compound interest on rupees 6250 at the rate of 6% per annum for 3 yrs​

Answer 1

Answer:

Step-by-step explanation:

Given,

Principal = ₹6250

Rate = 6%

Time = 3yrs

Therefore, A/q

A = p( 1 + r/100)^2

A = 6250( 1 + 6/100)^2

A = 6250(106/100)^2

A = 6250 × 106/100 × 106/100

A = 7022.5

Hence Amount = ₹7022.5

Now,

CI = Amount - Principal

CI = ₹7022.5 - ₹6250

Therefore,. CI = ₹772.5

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