Find the amount and compound interest:-
Rs. 6000 for 3 years at 6% p.a .
Answers
Question :
Find the amount and compound interest:-Rs. 6000 for 3 years at 6% p.a .
Given Data :
Principal(p) → ₹6000
Rate(r) → 6% per annum compounded annually
Time(n) → 3years
Amount(a) → ?
To find :
amount and compound Interest
Formula Used :
C.I. = Amount – Principal
Solution :
First we have to find the amount and then we need to get the Interest.
Now we got the amount we need to find the Compound Interest(C.I.)
C.I. = Amount – Principal
C.I. = ₹7146.09 – ₹6000
C.I. = ₹ 146.09
- So the compound Interest is ₹146.09 and the amount is ₹ 7146.09
Question :
Find the amount and compound interest:-Rs. 6000 for 3 years at 6% p.a .
Given Data :
Principal(p) → ₹6000
Rate(r) → 6% per annum compounded annually
Time(n) → 3years
Amount(a) → ?
To find :
amount and compound Interest
Formula Used :
C.I. = Amount – Principal
Solution :
First we have to find the amount and then we need to get the Interest.
Now we got the amount we need to find the Compound Interest(C.I.)
C.I. = Amount – Principal
C.I. = ₹7146.09 – ₹6000
C.I. = ₹ 146.09
So the compound Interest is ₹146.09 and the amount is ₹ 7146.09
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