Question

Find the compound interest on Rs.25000 for 3 years at 6% p.a

Answer 1

Answer:

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Answer 2

$\huge\underline\mathfrak\orange{Answer}:-$

• Principal = Rs.25000

• Rate = 6%

• Time = 3 yrs.

• Compund interest = Amount - Principal

• Amount = $P(1 + \frac{r}{100})^{n}$

⠀⠀⠀⠀ ⠀⠀= $25000(1 + \frac{6}{100})^{3}$

⠀⠀⠀⠀ ⠀⠀= $25000(\frac{106}{100})^{3}$

⠀⠀⠀⠀ ⠀⠀= $25000\times\frac{106}{100}^{3}$

⠀⠀⠀⠀ ⠀⠀= $25000\times\frac{106}{100}\times\frac{106}{100}\times\frac{106}{100}$

⠀⠀⠀⠀ ⠀⠀= Rs. 29775.40

• Compund interest => 29775.40 - 25000

⠀⠀⠀⠀ ⠀⠀⠀⠀⠀⠀ ⠀⠀=> Rs.4775.40 Ans.