find the simple interest of for a principal of 3000 for 3 months at the rate 5percent annual rate of interest
Answers
Answered by
0
Compound interest , C is given by r = rate, P = principle, n = time
C=P[(1+r)
n
−1]
=3000[(1+
100
5
)
2
−1]
=3000(1+
10000
25
+
100
10
−1)
=30(
100
25
+10)⇒30(10+
4
1
)
=30(
10
41
)
C=Rs.123.
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Answered by
1
Answer:
Given -:
Principal - 3000
Rate - 5%
Time - 3 months
Formula used -:
SI = PRT
100
→
P - Principal
R - Rate
T - Time
Calculation-:
SI = 3000×5×3
100
→ 3000×15
100
= ₹450
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