Question

Find the compound interest on Rs. 25000 for 3 years at 6% per annum compounded annually.
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Answer 1

♡ Hi mate ♡

see above attachment ✔️

Hope it helps you..

Answer 2

$\huge\tt\green{Solution}$

Given that

$\star$ Principal = Rs. 25000

$\star$ Rate = 6%

$\star$ Time = 3years

Then according to questions:-

using formula

$\huge\boxed{A = P{(1 + \frac{r}{100})}^{t}}$

putting the values

$A = 25000{(1 + \frac{6}{100})}^{3} \\ \\ A = 25000{(1 + \frac{3}{50})}^{3} \\ \\ A = 25000{(\frac{50 + 3}{50})}^{3} \\ \\ A = 25000{(\frac{53}{50})}^{3} \\ \\ A = 25000 × \frac{53}{50} × \frac{53}{50} × \frac{53}{50} \\ \\ A = \frac{ 53 × 53 × 53}{5} \\ \\ A = \frac{148,877}{5} \\ \\ A = 29775.40 \\ \\ then, \\ \\ compound\: interest = Amount\: - \:Principal \\ \\ CI = 29775.40 - 25000 \\ \\ CI = 4775.40 Rs$

$\boxed{\boxed{\boxed{\orange{Compound\: interest = 4775.40 Rs}}}}$