Find the C.I on 20000 for 3 yrs at 10% per annum compuded annually.
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Answered by
4
Step-by-step explanation:
CI = P( 1 + R/100 ) ^T
= 20,000 ( 1 + 10/100 ) ^3
= 20000 x 11/10 x 11/10 x 11/10
= ₹ 26,600
Answered by
0
Answer:
6420
p=20000
t = 3 years
r = 10%pa
amount = p (1 +r/100)^n
20000 (1+10/100)³
20000 (11 /10)³
20000 × 11/10 × 11/10 × 11/10
20 × 11 × 11 ×11
20 × 11 × 121
20 × 1321
= 26420
CI = amount- principal
26420 - 20000
= 6420
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