Question

find the compound interest and the total amount fir sum of rs 30000 for period of 2 years , when the compound interest anually at the rate of 6% p.a




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Answer 1

Question:- ⤵️

• find the compound interest and the total amount fir sum of rs 30000 for period of 2 years , when the compound interest anually at the rate of 6% p.a

To find:-

• Compound interest

Given:-

• Principal = 30000
• n = 2 years
• rate = 6%

Required formula:-

• A= P(1 + R/100)^n

Solution:-

=> 30000(1+6/100)^2

=>30000(1+3/50)^2

=>30000(53/50)^2

=>30000 x 53/50 x 53/50

=>33708

CI = A-P

CI = 33708 - 30000 = 3708

Answer:-

• Hence,the answer is 3,708