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 by Ram shyam after 3 year
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✨ HEY MATE ✨
A = P ( 1+R/100)N
A = 30000(1+6/100)3
A = 30000*106/100*106/100*106/100
A = 35,730.48
CI = A-P = 35,730.48 - 30000 = 5,730.48
Interest paid by Ram to Shyam after three years = ₹ 5,730.48
⤴️ I THINK IT HELPED Y©U_____✌️
A = P ( 1+R/100)N
A = 30000(1+6/100)3
A = 30000*106/100*106/100*106/100
A = 35,730.48
CI = A-P = 35,730.48 - 30000 = 5,730.48
Interest paid by Ram to Shyam after three years = ₹ 5,730.48
⤴️ I THINK IT HELPED Y©U_____✌️
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