Question

hi please give me the answer step by step..​

Answer 1

Answer:

Hii Dear army answer in this attachment.

Step-by-step explanation:

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Answer 2

Answer:

Using simple interest - ₹1179.75

Using compound interest - ₹ 1258.10

Step-by-step explanation:

Principal = ₹6050

Time = 3 years

Rate of Interest = 6.5% per annum(per annum means every year)

∴Simple Interest = Principal x Rate of Interest x Time

                                          100

= ₹ 6050 x 6.5 x 3

         100

= ₹ 117975

      100

= ₹1179.75

If you need compound interest-

n(number of times interest compounded) = 3

Amount at the end of 3 years = Principal x (1 + Rate of Interest/100)^{n}

= ₹ 6050 x (1 + 6.5/100)^{3}

= ₹ 6050 x 106.5/100 x 106.5/100 x 106.5/100

≈ ₹ 7308.10 (Rounded of value)

∴Interest = Amount at the end of 3 years - Principal

= ₹ (7308.10 - 6050)

= ₹ 1258.10