Question

Find the compound interest and amount on ₹ 60000 for 2 years at the rate of 3% p.a.​

Answer 1

Step-by-step explanation:

Amount = Px ( 1+3/100 ) ^2

Amount = 60000x ( 103/100 ) ^2

Amount = 60000x10609/10000

Amount = 6x10609 = 63654

C.I = Amount - Principal

C.I = 63654-60000 = 3654

Answer 2

Answer:

P=60000

T=2 year

R=3% p.a.

C.I= 60000/100 × 60000/100

6×60000=3,60,000

So compund interest is

360000 - 60000= 300000