Question

find the compound interest on rupees 25000 for 3 years at 6% per annum

Answer 1

$C.I= p (1+r/100)^t$

amount=25000(1+6/100)^3

amount= 25000×106/100×106/100×106/100

amount=29775.4


c.i= 29775.4- 25000= 4775.4 rs.