Question

plse solve this problem
step by step explanation I want ​

Answer 1

Step-by-step explanation:

(1)

Principal (P) = Rs. 15000

Rate (R) = 6% p.a

Period (n) = 5 years

Interest for the first year = PRT/100

= (15000 × 6 × 1)/100 = Rs. 900

∴ Amount for the first year:

= Rs. 15000 + 900

= Rs. 15900

Principal for the second year = Rs. 15900

Interest for the second year:

= (15900 × 6 × 1)/100

= 159 x 6 = Rs. 954

(2)

Sum for Third year :

= 15000 + 954

= 15,954

Hope it helps!