Question

please solve ticked question .please solve hurry

Answer 1

Given P = 30000, R = 6%, Time n = 3 years.

We know that A = P(1 + r/100)^n

⇒ 30000(1 + 6/100)^3

⇒ 30000(1 + 3/50)^3

⇒ 30000(53/50)^3

⇒ 30000(148877/125000)

⇒ 35730.48.

We know that CI = A - P

⇒ 35730.48 - 30000

⇒ 5730.48.

Therefore, the interest is 5730.48.

Hope it helps!