Question

Ram borrowed a sum of 30,000 from Shyam for three years. If the rate oll
interest is 6% per annum compounded annually, find the interest paid by Ram to
Shyam after three years.​

Answer 1

Answer:

C.I = ₹5,730.48

Step-by-step explanation:

principal = ₹30,000

Rate = 6%

Years = 3yrs

Amount = p*(r/100)^3

Amount = 30,000*106/100*106/100*106/100

Amount = 106*106*106*3/1000

Amount = ₹35730.48

C.I = ₹35,730.48 - 30,000

C.I = ₹5,730.48

Answer 2

Answer:

C A = 30000(1+6/100)^3

. = 0.3 × 106 × 106 × 106

= 35730.48

So Interest = 35730.48 - 30000

=5730.48

Hope it helps you...