What percent is the total amount received with respect to the amount - Growth and Compounding

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Example 8 What percent is the total amount received with respect to the amount deposited in both the options?Basically we need to find (๐‘ป๐’๐’•๐’‚๐’ ๐‘จ๐’Ž๐’๐’–๐’๐’• ๐‘น๐’†๐’„๐’†๐’Š๐’—๐’†๐’…)/(๐‘ป๐’๐’•๐’‚๐’ ๐‘จ๐’Ž๐’๐’–๐’๐’• ๐‘ซ๐’†๐’‘๐’๐’”๐’Š๐’•๐’•๐’†๐’…) ร— 100 Without Compounding 7800/6000ร—100 = 130% Thus, Percentage gain over 3 years is 30% With Compounding 7986/6000ร—100 = 133.1% Thus, Percentage gain over 3 years is 33.1%

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CA Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 16 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.