Find the compound interest on ₹10000 for 3 years at 7% per annum
Answers
Answered by
0
Compound interest will be ₹2250.43
Step-by-step explanation:
amount = 10000 × 107/100 × 107/100 × 107/100
= 107×107×107 / 100
= 107×107× 1.07
= 12250.43
Compound Interest
= Amount - Principal
= 12250.43 - 10000
= 2250.43
Similar questions