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

Answer 1

Answer:

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

Answer 2

Answer:

Correct option is

A

6620

Given, P=20000,r=10%,n=3 years

A=P[(1+

100

r

)

n

]

A=20000[(1+

100

10

)

3

]

A= Rs. 26620

Compound interest = Amount − Principal

CI =26620−20000

CI = Rs. 6620