Question

find the amount of 2400 after 3 year when the interest is compounded annually @ 20% per annum​

Answer 1

Step-by-step explanation:

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Answer 2

Hey friend,

Here is the solution :-

Here, Principal is ₹ 2400, Rate of interest is 20% and Time is 3 years.

$amount = p(1 + \frac{r}{100} )^{t} \\ \\ = > \: \: \: \: 2400 \: (1 + \frac{20}{100} )^{3} \\ \\ = > \: \: \: \: 2400 \: (1 + \frac{1}{5} )^{3} \\ \\ = > \: \: \: \: 2400 \: ( \frac{6}{5} )^{3} \\ \\ = > \: \: \: \: 2400 \times \frac{6}{5} \times \frac{6}{5} \times \frac{6}{5} = 4147.2 \\ \\ \\ \\ \\ so \: the \: amount \: is \: = 4147.2$

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