Aman borrows from amrit rs 6000 at 6% interest compounded anually
(i) The difference between S.I and C.I at the end of 3rd years
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Question:-
Aman borrows from amrit rs 6000 at 6% interest compounded anually
(i) The difference between S.I and C.I at the end of 3rd years
Solution:-
According to the Question,(ATQ)
- P=Rs 6000
- Rate=6%
- Time=3 years
- P(1+r/100)^n
- 6000(1+6/100)^3-6000
- 6000(53/50×53/50×53/50-6000)
- 1146.096
Hence,The answer is 66.095.
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