1. Find the compound interest on ₹ 90,000/- for 3 years at the rate of 10% per annum compounded
annually.
Answers
Answered by
2
Answer:
29790
Step-by-step explanation:
A = P ( 1 + R / 100 ) ^3
A = 90000 ( 1 + 10 / 100 ) ^3
A = 90000 ( 11 + 10 ) ^3
A = 90000 ( 11 + 10 ) ( 11 + 10 ) ( 11 + 10 )
A = 119790
CI = A - P
CI = 119790 - 90000
= 29790
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