Question

calculate the amount and compound interest on Rs.10,000 at 4% per annum for 3 years compound anually​

Answer 1

Answer:

Amount=10824.32

C.I=Rs.824.32

Step-by-step explanation:

Principal=Rs.10000 ,Rate=2% per half year,Time=2years=4half-years

Amount=P(1+

100

R

)

T

⇒10000(1+

100

2

)

4

⇒10000×

100

102

×

100

102

×

100

102

×

100

102

⇒10000×

50

51

×

50

51

×

50

51

×

50

51

Amount=10824.32

C.I=Amount−Principal

C.I=10824.32−10000

C.I=Rs.824.32