help me number 9 help me plss be fast
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Qᴜᴇsᴛɪᴏɴ :
↝ Find to the nearest rupee the compound interest on ₹1800 for 3 years at 5% rate of interest, compound annually.
Gɪᴠᴇɴ :
- ➛ Principle = Rs.1800
- ➛ Time = 3 years
- ➛ Rate of Interest = 5%
Tᴏ Fɪɴᴅ :
- ➛ Amount
- ➛ Compound
Cᴏɴᴄᴇᴘᴛ :
↝ First we will find the Amount using the formula to calculate compound interest. Where, Principle is Rs.1800, ↝ Rate is 5% and Time is 3 years. Then we will use the formula to find the compound interest.
Usɪɴɢ Fᴏʀᴍᴜʟᴀs :
☼ Where :-
- ➛ A = Amount
- ➛ P = Principle
- ➛ R = Rate
- ➛ T = Time
- ➛ C.I = Compound Interest
Sᴏʟᴜᴛɪᴏɴ :
☼ Finding amount by substituting the values in the formula :-
∴ The amount is Rs.2083.725 or Rs.2083.73.
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☼ Finding compound interest by substituting the values in the formula :-
∴ The compound interest is Rs.283.725 or Rs.283.73.
Lᴇᴀʀɴ Mᴏʀᴇ :
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