Question

Find the amount and the compound interest on ₹2000 at 5% per annum for 3 years.​

Answer 1

ANSWERS:

Compound interest:

$a = p(1 + \frac{r}{100 } )t$

Given:Principal=Rs2000

r=5

t=2

$a = 2000(1 + \frac{5}{100} ) \times 2$

$a = 2000( \frac{150}{100} ) \times 2$

A=Rs.4,200‬ Answer

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