Question

calculate the amount and compound intrest on rs 2400 for 3 years at 20percent per annum compounded annually​

Answer 1

Answer:

Find the amount of Rs. 2400 after 3 years, when the interest is compounded annually at the rate of 20% per annum.

Missing: 20percent ‎| Must include: 20percent

Top answer · 1 vote

Given details are, Principal (p) = Rs 2400 Rate (r) = 20% per annum Time (t) = 3 years By using the formula, A = P (1 + R/100) n = 2400