0
How much will be the compound interest to be paid on a principal amount of rs 85,000 after 3 years at the rate of 6 p.c.p.a ?
- Ars 16623.36
- Brs 16236.36
- Crs 16326.36
- Drs 16632.26
Answer not set
Log in or create a free account to reply and vote.
0
CCommunity
Solution
Total amount to be paid= Principal * (1+r)number of years = 85,000(1.06)3 = 101236.36
Interest paid = 101236.36-85000=16,236.36
Total amount to be paid= Principal * (1+r)number of years = 85,000(1.06)3 = 101236.36
Interest paid = 101236.36-85000=16,236.36
0
CCommunity
Solution
Total amount to be paid= Principal * (1+r)number of years = 85,000(1.06)3 = 101236.36
Interest paid = 101236.36-85000=16,236.36
Total amount to be paid= Principal * (1+r)number of years = 85,000(1.06)3 = 101236.36
Interest paid = 101236.36-85000=16,236.36