Question

find the compound interest using the formula if principal = 4000 and rate = 6% and time= 3 years

Answer 1

A=p(1+R/100)^t
A=4000(1+6/100)^3
A=4000(106/100)^3
A=4000×106/100×106/100×106/100
A=(4×106×106×106)/1000
A=4764064/1000
A=4764.064
CI=A-P
=4764.064-4000
=764.064rs