find the compound interest on $18000 for 3 years at the rate of 10% annum with using the formula of compound interest
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Answered by
1
Answer:
$5958
Step-by-step explanation:
Principal (P) = $18000
Rate (R) = 10%
Time (n) = 3 years
Amount (A) = P (1 + R/100)ⁿ
=> A = 18000 (1 + 10/100)³
=> A = 18000 (11/10)³
=> A = $23958
Compound Interest = A-P = $23958 - $18000 = $5958
Answered by
1
₹5958 is the right answer
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