The simple interest accrued on an amount of rs 14800
Answers
Answered by
0
Answer:
The simple interest accrued on an amount of Rs. 14,800 at the end of three years is Rs. 6,216. What would be the compound interest accrued on the same amount at the same rate in the same period ? 1). The simple interest accrued on an amount of Rs. 40,000 at the end of three years is Rs. 12,000.
Answered by
1
Answer:
Explanation:
Let the rate of p.c.p.a be r. Then,
r = 6216×10014800×3=14%
∴C.I.=P[(1+r100)3−1]
= Rs.14800 [(1+14100)3−1]
= Rs.14800 [(1.14)3−1]
= Rs.14800 (1.481544 - 1)
= Rs.14800 × 0.481544
= Rs.7126.8512
Similar questions