Question

Find the compound interest on Rs 25000 at 10% Park. a former 3 years

Answer 1

Solutions :-



Some of the abbreviations used in my answer are :-

Principle = p
Time = t
Rate = r
Compound Interest = C.I
Amount = A


Given :

p = Rs 25000
r = 10% p.a
t = 3 years


Find the Amount by using compound interest formula :-

A = p ( 1 + r )^t
= 25000 ( 1 + 10% )³
= 25000 (1 + 0.10)³
= 25000 (1.10)³
= 25000 × 1.331
= 33275


Now,
Find the Compound Interest :-

C.I = A - p
= Rs ( 33275 - 25000)
= Rs 8275


Hence,
The Compound Interest is Rs 8275

Answer 2

Solutions :-



We have,

Principle = p = Rs 25000
Rate = r = 10% p.a
Time = t = 3 years
Compound Interest = C.I = ?
Amount = A = ?

Find the Amount :-

We know the compound Interest formula,
A = p ( 1 + r )^t
= Rs 25000 ( 1 + 10% )³
= Rs 25000 (1 + 0.10)³
= Rs 25000 (1.10)³
= Rs 25000 × 1.331
= Rs 33275



Find the Compound Interest :-

C.I = A - p
= Rs ( 33275 - 25000)
= Rs 8275



Answer : Compound Interest = Rs 8275