Question

Find the compound interest on rupees 1200 for 3 years at 5% per annum

Answer 1

Step-by-step explanation:

I hope this will help you

Answer 2

Answer:

C.I. = A - P

A = P ( 1 + r/100 )^n

P = Rs 1200 , r = 5% p.a. , n = 3 years

A = 1200 ( 1 + 5/100 )^3

A = 1200 ( 1 + 1/20 )^3

A = 1200 ( 20/20 + 1/20 )^3

A = 1200 ( 21/20 ) ^3

A = 1200 × 21/20 × 21/20 × 21/20

A = 1200 × 9261/8000

A = 1200 × 1.15

A = Rs 1380

P = Rs 1200

C.I. = A - P

C.I. = Rs ( 1380 - 1200 )

C.I. = Rs 180