Question

find the compound and simple interest of R.O.I =Rs 15000 at 8% for 3 years​

Answer 1

Step-by-step explanation:

Simple Interest I=

100

PNR

Here for first year,

P=Rs.15,000

N=1 year

R=6 %

So, Interest at the end of 1

st

year I=

100

15,000×1×6

=Rs.900

And for second year,

P=Rs.15,000+Rs.900=Rs.15,900

N=1 year

R=6 %

I=

100

15,900×1×6

=Rs.954