Question

What will the simple interest on Rs.6000 at the rate of 5% per annum for 3 years.

please step by step ​

Answer 1

Answer:

Step-by-step explanation:

For ,

N= 3 years

R= 5 %  

=> P = Rs 6,000

And on interest being compounded we have,

Amount = P(1+  R /100)  ^N  = 6,000 × (1+  5/100   )  ^3  = 6,000 × 1.05^3   =

Rs6,945.75

So, C.I. = A−P = Rs 6,945.75 = Rs 6,000 = Rs 945.75

Answer 2

Answer:

sp=6000, CP=3profit=5%

sp-cp=6000-3=5997

profit%=profit/CP*100=5997/6000*100=99.95ans