Question

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

Answer 1

➣ Given :-

Principal amount :-30000

Time :-3 years

Rate of interest :-6%

➣ To Find :-

Interest paid by Shyam...

➣ Formula :-

$\longmapsto \bf \:si = \frac{}{100}$

➣ Solution :-

$\longmapsto \bf \frac{30000 \times3 \times 6}{100}$

$\longmapsto \bf \: \cancel\frac{540000}{100} = \frac{5400}{1} = 5400$

$\longmapsto \bf \:5400$

Therefore,the interest paid by Shyam Rs.5400.