6. Harjyot deposited ₹ $27,500$ in a deposit scheme paying $12$% p.a. compound interest. If the duration of the deposit is 3 years, calculate:(i) The amount received by him at the end of three years. (ii) The compound interest received by him.
6. Harjyot deposited ₹ $27,500$ in a deposit scheme paying $12$% p.a. compound interest. If the duration of the deposit is 3 years, calculate:(i) The amount received by him at the end of three years. (ii) The compound interest received by him.

Given

Harjyot deposited ₹ $27,500$ in a deposit scheme paying $12$%p.a.

Time, t = $3$years

C1 = (P × r × t)/$100$

=$(27,500\times 12\times 1)/100$  

= ₹ $3,300$

P1 = $27,500+3,300$

= ₹ $30,800$

C2 = (P × r × t)/$100$

= $(30,800\times 12\times 1)/100$  

= ₹ $3,696$

P2 = $30,800+3,696$  

= ₹ $34,496$

C3 = (P × r × t)/$100$

= $(34,496\times 12\times 1)/100$

= ₹ $4139.52$

P3 = $4,139.52+34,496$ 

= ₹ $38,636$

Solution:-

Then, the compound interest received by him = ₹ $3,300$+ ₹$3,696$+ ₹ $4,139.52$

= ₹ $11,135.52$