Find Compound Interest on ₹10000 for 3 years at 10 p.a. compounded annually.
Answers
Answered by
2
Answer:
23310
Step-by-step explanation:
Amount = P(1 +R/100)³
= 10000(1 + 10/100)³
= 10000(110/100)³
= 10000 × 110/100 × 110/100 × 110/100
= 13310
Compound interest = Amount + Principal
= 10000 + 13310
= 23310
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