Question

Find the compound interest and the
amount after twelve seconds if the
interest is compounded every three
seconds.
Principal = 20,000
Rate of interest = 800% per minute
Total amount =
Compound interest
₹​

Answer 1

Answer:

Correct option is

A

6620

Given, P=20000,r=10%,n=3 years

A=P[(1+100r)n]

A=20000[(1+10010)3]

A= Rs. 26620

Compound interest = Amount − Principal

CI =26620−20000

CI = Rs. 6620

Answer 2

Answer:

the total amount is 76832

and the compound interest is 56832