Simple interest on a certain sum of money for 3 years at 5% per annum is Rs 600. Find the amount due and compound interest on this sum at the same rate after 3 years, the interest being reckoned annually.
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hai friend,
here is your answer
S.I=PTR/100
600=P*3*5/100
600=P*15/100
40*100=P
4000=P
PRINCIPLE =4000
A=P(1+R/100)^N
TOTAL NUMBER OF RECKONINGS =3
A=4000(1+5/100)^3
A=4000(105/100)^3
A=4630.5
A=C.I +P
C.I=4630.5-4000
C.I=630.5
compound interest =630.5
amount
=4630.5
here is your answer
S.I=PTR/100
600=P*3*5/100
600=P*15/100
40*100=P
4000=P
PRINCIPLE =4000
A=P(1+R/100)^N
TOTAL NUMBER OF RECKONINGS =3
A=4000(1+5/100)^3
A=4000(105/100)^3
A=4630.5
A=C.I +P
C.I=4630.5-4000
C.I=630.5
compound interest =630.5
amount
=4630.5
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