Question

An amount o fRs.3000 is compounded annually at the rate of 10%p.a The amount to be paid after 2years would be

Answer 1

Answer:

1.principal =3000

Rate =5%

Time=2year

2.principal =3000

Rate=18%

Time =2 year

Answer 2

Answer:

Given:

• Principle: 3000Rs.
• Rate: 10% p.a.
• t=2 years.

We know that:

$A=P(1+\frac{R}{100})^{t}$

$=3000(1+\frac{10}{100})^{2}$

$=3000(1.1)^{2}$

$=3630 Rs.$

Thus, amount to be paid after 5 years is 3630Rs.

HOPE THIS HELPS :D