Question

Find the amount and compound interest on ₹ 20,000 for 2 years at 15% per annum, interest being payable annually.

Answer 1

Step-by-step explanation:

given -: principal - 20000

time - 2 year s

rate - 15%

interest = p×r×t/100

20000×2×15/100

20×2×15

600rs

so interest is 600 rs