Math, asked by kamaksha3847, 1 year ago

Find the amount and the compound interest rs 300 at 3% per annum for 2 years

Answers

Answered by haridasan85
9

Answer:

CI=P(I +r/100)n-P

= 300 (I +3/100)^2-300

= 300x1.03x1.03 -300

= Rs 18.27. Ans

Answered by amitnrw
24

Rs 318.27 amount & CI = 18.27   for  rs 300 at 3% per annum for 2 years

Step-by-step explanation:

Principle = P = 200

Rate of interest = R = 3% per annum

Time = n = 2 Years

Formula for Amount = A

A = P (1 + R/100)ⁿ

=> A = 300 ( 1 + 3/100)²

=> A = 300 ( 1.03)²

=> A = 318.27

Amount = Rs  318.27

Compound interest = Amount - Principle

=> Compound interest = 318.27 - 300 = 18.27

Compound interest =  18.27

Learn More about compound interest

https://brainly.in/question/3063332

https://brainly.in/question/9228591

https://brainly.in/question/7863029

Similar questions