Question

Find the compound interest on ₹20,000 at 15% per annum for 3 years ​

Answer 1

Answer:

Rs 10417.5

Step-by-step explanation:

Given = Rs 20,000 and rate of interest = 15% and time = 3 years

C.I = Amount - principal

Amount = p(1+r/100) ^ n

             = 20000 (1+15/100)³

             =30417.5

C.I = Amount - Principal

C.I = 30417.5 - 20000 = Rs 10417.5