Question

4. Find the Amount and the Compound Interest on Rs. 10,000 at 4% per annum for 3 years compounded
annually​

Answer 1

Answer:

hope its help

Step-by-step explanation:

Given:

Present value =₹ 10000

Interest rate =10% per annum

Time =3 years

To find the amount we have the formula,

Amount (A)=P(1+(r/100))

n

where P is present value, r is rate of interest, n is time in years

Now substituting the values in above formula we get,

∴A=10000(1+10/100)

3

⇒A=10000(11/10)

3

⇒A=121(10)(11)

⇒A=1331(10)

⇒A=₹ 13310

∴ Compound interest =A–P

=13310–10000=₹ 3310