Question

find the compound interest and the amount when the principal is 30000 time period is 2 years and rate is 6% per annual compound annually​

Answer 1

i have given answer stepwise hope you like it

Answer 2

Step-by-step explanation:

Principle = 30000

Rate of interest = 6% p. a

Time = 2

Therefore Amount = 30000(1+ 6 divided by 100)2 (to the power 2 ) [ DO THIS CALCULATION ON YOUR OWN]

THEN, compound interest = 30000(1+ 6 divided by 100)(2 to the power 2) - 30000