Question

a sum of rs 3000 is invested at 10% compound interest per annum. what is the interest at the end of three years?​

Answer 1

Answer:

Step-by-step explanation:

given sum p=3000

r=10%

n=3

total amount =p(1+(r/100))^n

                      =3000(1+(10/100))^3

                      =3000(1.1)^3

                      =3000(1.331)

                     =3993

compound interest for 3 years is=3993-3000

                                                       =993