Question

calculate the amount and the compound interest by using the formula of compound interest when principal is equal to rupees 10,00 rate of interest is equal to 10% per annum and time is equal to 3 years​

Answer 1

here ,

P= 1000

R=10

and n=3

so,

compound interest = P(1+R/100)^n

= 1000(1+10/100)^3

= 1000(11/10)^3

= 1000 ( 1331/1000)

interest =1331

and amount = P+ interest

=2331

... hope this helps