Question

calculate the compound interest on 20,000 for 3 years at 2 and a half percentage per annum​

Answer 1

Here P=20,000 Rs., n=3 years, R=8Amount(A)=P(1+ 100R ) n =20000(1+ 1008 ) 3 =20000( 2527 ) 3 = 25×25×2520000×(27) 3 = 2532×(27) 3 =25,194.24 Rs.Compound interest(C.I)=A−P=25,194.24−20,000=5,194.24Hence, the compound interest is Rs. 5,194