Calculate the compound interest on ₹20000 for 3 years at 5% per annum, when the interest is compounded annually
Answers
Answered by
4
p=₹20000
R=5%
Y=3
A=P(1+R/100) time is 3
= 20000(1+5/100) time is 3
=20000×105/100×105/100 ×105/100
=231,525,000
C.I.= A-P
= 231,525,000-20000
=231,505,000
R=5%
Y=3
A=P(1+R/100) time is 3
= 20000(1+5/100) time is 3
=20000×105/100×105/100 ×105/100
=231,525,000
C.I.= A-P
= 231,525,000-20000
=231,505,000
Similar questions