Question

find the compound interest , if RS 6000 is invested at 5% per annum compunded annually for 3 years.

Answer 1

Answer:

hey mate your answer is

Step-by-step explanation:

p =6000rs.

N=3years

R=5%

ci=?

A=p(1+r/100)^3

A=6000*(1+5/100)^3

A=6000*(15/10)^3

A=6000*(15/10*15/10*15/10)

A=20250rs.

ci=A-P

=20250-6000

=14250rs.

therefore ci 14250rs....

@Rajsingh......