Question

find the amount and compound interesting RS 60000 at 15℅ interest for 3 years.​

Answer 1

Explanation:

P=60000

R=15%

T=3 years

CI=A-P

first,A=P(1+R/100)^T

Amount=60000(1+15/100)

A=60000(115/100)^3

A=60000*115/100*115/100*115/100

A=6*115*115*115/100=9125250 =RS 9125 2.5

Amount= RS 91252.5

Compound interest=principle-amont

CI=91252.5-60000

CI=31252.5

Hence, Amount is RS 91252.5and

Compound Interest is RS 31252.5