Question

Ram borrowed a sum of тВ╣ 30000 from shyam for 3 years. If the rate of interest is 6%per annum compounded annually, find the interest paid by ram to shyam after 3 years

Answer 1

6% per annual. that's means per year.
so 3 year interest is 18%
than. 30000 18% is 5400

Answer 2

the interest paid by ram to shyam after 3 year is 5,730.48 rupees