Ram borrowed a sum of rupees 30,000 from Shyam for three years. If the rate of intrest is 6% per annum compoundly annually, find the interest paid by Ram to Shyam after three years
Answers
Answered by
2
Answer:
Ram borrowed a sum of rupees 30000 from Shyam for 3 years if the rate of interest is 6 % per annum compounded annually find the interest paid ...
Answered by
1
A=P(1+r/100)³
=30000(106/100)³
=30000*106/100*106/100*106*100
=31800
C.I.=31800-30000
=1800
Similar questions