Question

find the amount and compout interest in the following cases, principal=1000 rate=5% time=3 years​

Answer 1

Answer:

Principle

Rate

Time

Rs. 5000

8 % p.a

2 years

I

year -

I

PRI

100

SOOO X 8 X 1

100

F 400

11

-

Amount =

Pt

Sooo + 400

Rs. 5400

11

I

I year -

I = 5400 X 8 X 1

I

100

OF 432

of

A = 5400 + 432

Rs. 5832

11

CI

Р

-

-

AP

5832 - 5000

Rs. 832

Answer 2

Answer:

Interest = PRT/100

= 1000 × 5 × 3 /100

= 15000/100

= 150

Amount = Principal + Interest

= 1000 + 150

= 1150