Question

Find the amount to be paid at the end of 3 years if
principal= 5000 rupees at the rate of 6% per annum​

Answer 1

Principal (P) = ₹ 5000

Rate (R) = 6 %

Time (T) = 3 years

SI = $\dfrac{P×R×T}{100}$ = $\dfrac{5000×6×3}{100}$ = ₹ 900

Amount to be Paid = P + SI = ₹(5000+900) = ₹5900

Answer 2

Step-by-step explanation:

Given

P= 5000 rs.

R= 6 p.c.p.a

N= 3 yrs

S.I. = ?

Solution:

- By simple interest

I= 5000 × 3 × 6

100

I= 50× 18

I= 900 rs.

A= P + I

A= 5000 + 900

A= 5900 rs.

- By compound interest,

A= P (1 + (R/100))^ N

= 5000 × (1 + (6/100)^ 3

= 5000 × 106 × 106 × 106

100 100 100

= 5 × 106 × 106 × 106

1000

= 106 × 106 × 106

200

= 1191016

200

A= 5955.08 rs