Question

Find the amount and compound interest on ¥3000 for 2 years at 10% p.a, compounded anually

Answer 1

Answer:

Step-by-step explanation:

Amount=P(1+R\100)^n

C.I.=Amount- Principal

A=3000(1+10/100)^2

A= 3000(1+1\10)^2

A=3000(11\10)^2

A=3000(121\100)

A=30*121

A=3630

C.I.=3630-3000

C.I.=630