Question

calculate the compound interest for the second year on rupees 4000 for three years at 10% per annum​

Answer 1

Answer:

A=P(1+r100)n⇒A=4000(1+10100)2⇒A=P(1+110)2⇒A=4000(1110)2⇒A=4000×121100⇒A=4840 Rs. Hence the amount after 2 years will be 4840 and it'll only work as the principal amount for simple interest. The formula for the simple interest is = PRT100, where P is the principal amount, R is the rate of interest, and T is time spam.

Answer 2

Step-by-step explanation:

Your answer is 4840 it is the 10%anum