Find the compound interest₹ 3000 for 2 year and 15% compound annually
Answers
Answered by
2
Answer:
Rs. 967.50
Step-by-step explanation:
Amount = 3000 (1 + 15/100)^2
= 3000 × 115/100 × 115/100
= Rs. 3967.50
Compund Interest = Amount - Principal = Rs. 967.50
Answered by
2
Step-by-step explanation:
Principle:- ₹3000
Time:-2 years
rate of interest:- 15% compounded annually
Amount = ₹3000(1+15/100)^2
=₹3000(23/20) ^2
=₹3000×(23×23)/(20×20)
=₹3967.50
compound interest= ₹ (3967.50 - 3000)
=₹ 967.50
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