Question

find the compound interest, if 6000 is invested at 5% per annum compounded annually for 3 years
(class 8th)​

Answer 1

Answer:

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Answer 2

Step-by-step explanation:

Principal = $ 6000

Time = 3 years

Rate% = 5% p.a compounded annually

Amount

$= P(1+ \frac{R}{100} ) \\ = 6000(1 + \frac{5}{100} ) \\ = 6000( \frac{21}{20} ) \\ = 6300$

Compound interest

$6300 - 6000 = 300$

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Debasish Biswal