Question

find the amount and the compound interest for 3 years at 6 percent per annum compounded annually​

Answer 1

Answer:

Given,

Principal =Rs. 25,000

Time =3 years

Rate =6%

Amount compounded annually = 25000( 1 +( 6/100))x^{3}

= 25,000 x (106/100) x (106/100) x (106/100)

= 29,775.4

Compound interest=Rs. 29,775.4−Rs. 25,000

=Rs. 4775.4