Question

Find the amount of 2400 after 3 years, when the interest is compound annually at the rate of 20% per annum.​

Answer 1

Answer:

Amount = Rs.4147.20

Explanation:

Principal (P) = Rs.2400

Rate (R) = 20%

Time (T) = 3 years

Amount (A) = $P(1+R/100)^T$

=> A = $2400(1+20/100)^3$

=> A = $2400(6/5)^3$

=> A = Rs.4147.20

Answer 2

Answer:

this is answer hope its helpfull