Question

b) P = 2,000; r =10% p.a.; n = 3 years

answer is rupees 2, 662​

Answer 1

Question:

To Find Simple Interest , Amount , Compound Interest on Principal ₹2000 , Rate - 10% p.a. and time is 3 years

Given:

• Principal - ₹2000

• Rate - 10% pa

• Time (n) = 3 years

To Find:

• Simple Interest

• Amount

• Compound Interest

Solution:

$\textsf{simple interest:}\\\\\\=\frac{2000\times3\times10}{100}\\\\\\=600\\\\\\amount=2000+600=2600$

$\textsf{compound interest :}\\\\\\=2000(1+\frac{10}{100})^3\\\\\\=2000\times\frac{11}{10}\times\frac{11}{10}times\frac{11}{10}\\\\\\=2662$

Answer:

• ₹600

• ₹2600

• ₹2662