Find the compound interest at the rate of 5per annum for 3year on that principal which in 3year at the rate of 5per annum gives 1200as the simple interest.
Answers
Answered by
0
SI = (P×R×T )/100
1200=( P ×5×3)/100
P = 120000/15
= 8000
CI = P(1 + R/100)^3 - P
====8000×( 1+5/100) ^3 - 8000
====8000( 21/20 ×21/20 ×21/20 -1)
====8000{(9261 -8000)/8000}
=====8000 × 1261/8000
Compound Interest= 1261
1200=( P ×5×3)/100
P = 120000/15
= 8000
CI = P(1 + R/100)^3 - P
====8000×( 1+5/100) ^3 - 8000
====8000( 21/20 ×21/20 ×21/20 -1)
====8000{(9261 -8000)/8000}
=====8000 × 1261/8000
Compound Interest= 1261
Similar questions