Question

Ram borrowed a sum of 30,000 from Shyam for three years. If the rate of
interest is 6% per annum compounded annually, find the interest paid by Ram to
3.
Shyam after three years.​

Answer 1

Answer:

P+I=A=P(1+

n

r

)

nt

30000+I=30000(1+

100×1

6

)

1×3

30000+I=30000(1.06)

3

=35738.48

⇒I=5738.48Rs. I think it's help you