Question

1.
Without using the formula of compound interest,
find the compound interest and amount of the
following:
1
(i) Principal = 20,000, Rate% = 8-% p.a., Time = 3
2
years
* * 1​

Answer 1

Answer:

20000*8*1/100=1600

21600*8*1/100=1728

23328*8*1/100=233.28*8=1866.24

1600+1728+1866.24=5194.24