Question

Find the compound interest on ₹10000 for 3 years at 10% per annum.

Answer 1

Answer:

₹3310

Step-by-step explanation:

P =₹10000

n =3

R =10

We know that,

A = P (1+R/100)^n

A= 10000(1+10/100)^3

=10000 (1+1/10)^3

=10000 (11/10)^3

=10000 .1331/1000

=13310

A =₹13310

C.I.= ₹(13310 -10000)

=₹3310

Answer 2

Principal = 10000

Time = 3 years

Rate = 10% per annum

Amount = P ( 1 + R/100 ) ^t

Amount = 10000 × ( 1 + 10/100)^3

Amount = 10000 × ( 131/ 100)

Amount = 13100

Compound Interest = Amount - Principal

compound Interest = 13100 - 10000

compound interest = 3100.

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