Answer:
First, we have to find the amount :
Given :
According to the question by using the formula we get,
[tex]\implies \sf\boxed{\bold{A =\: P\bigg(1 + \dfrac{r}{100}\bigg)^n}}\\[/tex]
[tex]\implies \sf A =\: 600\bigg(1 + \dfrac{5}{100}\bigg)^3\\[/tex]
[tex]\implies \sf A =\: 600\bigg(\dfrac{105}{100}\bigg)^3\\[/tex]
[tex]\implies \sf A =\: 600(1.05)^3\\[/tex]
[tex]\implies \sf A =\: 600 \times (1.05 \times 1.05 \times 1.05)\\[/tex]
[tex]\implies \sf A =\: 600 \times 1.157625\\[/tex]
[tex]\implies \sf\bold{A =\: Rs\: 694.575}\\[/tex]
Hence, the amount is Rs 694.575 .
Now, we have to find the compound interest :
➠ Compound Interest = A - P
➠ Compound Interest = Rs 694.575 - Rs 600
➠ Compound Interest = 94.575
∴ The amount is Rs 694.575 and the compound interest is Rs 94.575 .
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Answers & Comments
Answer:
Given :-
To Find :-
Solution :-
First, we have to find the amount :
Given :
According to the question by using the formula we get,
[tex]\implies \sf\boxed{\bold{A =\: P\bigg(1 + \dfrac{r}{100}\bigg)^n}}\\[/tex]
[tex]\implies \sf A =\: 600\bigg(1 + \dfrac{5}{100}\bigg)^3\\[/tex]
[tex]\implies \sf A =\: 600\bigg(\dfrac{105}{100}\bigg)^3\\[/tex]
[tex]\implies \sf A =\: 600(1.05)^3\\[/tex]
[tex]\implies \sf A =\: 600 \times (1.05 \times 1.05 \times 1.05)\\[/tex]
[tex]\implies \sf A =\: 600 \times 1.157625\\[/tex]
[tex]\implies \sf\bold{A =\: Rs\: 694.575}\\[/tex]
Hence, the amount is Rs 694.575 .
Now, we have to find the compound interest :
➠ Compound Interest = A - P
➠ Compound Interest = Rs 694.575 - Rs 600
➠ Compound Interest = 94.575
∴ The amount is Rs 694.575 and the compound interest is Rs 94.575 .