Question

find the amount and compound interest on at 2000 rupees at 10% per annum for 3 year ​

Answer 1

Answer:

HI HERE IS YOUR ANSWER

Step-by-step explanation:

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Answer 2

Step-by-step explanation:

Given,

P=2000

T=3Y

R=10% p.a.

For Compound interest we have to consider time as one year for each interest calc

C.I for 1st year = PTR/100

= 2000*1*10/100

=200

Now, Amount for First Year is A=P+CI

A=2200

Now, consider A as P for 2nd year

Now, CI2 = PTR/100

=2200*1*10/100

=220

Now Amount for 2nd year A2= P+CI2

A2=2200+220

A2=2420

Now, P for 3rd year is A2

Now, consider A2 as P for 3rd year

CI3=PTR/100

CI3=2420*1*10/100

CI3=242.

Total CI=CI1+CI2+CI3

CI=200+220+242

CI3=662