Question

Find the amount and compound interest on Rs.3000 at the rate of 5%per annum for 2 years.​

Answer 1

Mark me as brainleist it took lot of time for me to type

Answer 2

Answer:

Step-by-step explanation:

Compound interest , C is given by                         r = rate, P = principle, n = time

C=P[(1+r)  

n

−1]

=3000[(1+  

100

5

​  

)  

2

−1]

=3000(1+  

10000

25

​  

+  

100

10

​  

−1)

=30(  

100

25

​  

+10)⇒30(10+  

4

1

​  

)

=30(  

10

41

​  

)

C=Rs.123.