Question

Q5 Find the amount and the compound interest on ₹15,000 for 3 years at 10% per annum Compounded annually.

Answer 1

Answer:

amount = ₹ 19965

interest = ₹ 4965

Step-by-step explanation:

P - ₹ 15000

R - 10 %

T - 3 years

Amount = p( 1+ R/100 )³

= ₹ 15000 X( 11/100)³

= ₹ 15000 x 11/100 x 11/100 x 11/100

= ₹19,965

Interest = amount - principal

=. ₹19965 - ₹15000

=. ₹4965