Question

Find compound interest on 20,000 at 15% per annum for 3 years

Answer 1

Amount = Principal(1+Rate/100) time

Answer 2

Answer:

hey! mate

here is ur answer :::::::::::::::::::::::::.

P = Rs.20,000 , R = 15% , N = 3 years

• Amount after 3 years = [ p+ R/ 100 ] square 3

= Rs.20,000[1+15/100] square 3

= rs.20,000[1+3/20] square 3

= Rs.20,000 × 12,167/8000

= 60,835/2 = rs.30,417.50

• Compound interest = A-P

= Rs. 30,417.50 - Rs.20,000

=Rs. 10,417.50 ANSWER

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