Question

Rs 6000 for 3 years at 8% per annum compounded annually.
Find Amount and Compound Interest​

Answer 1

Answer:

Given

Principle = 6000

Time = 3 years

Rate = 8 %

Formula:

A = P(1+R/100$)^{n}$

Calculation:

A = 6000(1 + 8/100)^3

A = 6000(1 + 0.08)^3

A = 6000( 1.08)^3

A = 6000(1.259712)

A = 7558.3(approx)

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