Question

Find the compound interest on ₹ 20,000 for 3 years at 10 percent per annum.
....answer this question with explanation

Answer 1

CI = Principal ( 1 + r/100 )^t - Principal , where r is the rate and t is time.

CI = 20000 (1 + 10/100)³ - 20000

= 20000 (1 + 1/10)³ - 20000

= 20000 (11/10)³ - 20000

= 20000 x 11/10 x 11/10 x 11/10 - 20000

= 20 x 11 x 11 x 11 - 20000

= 26620 - 20000

= 6620

CI = 6620

Answer 2

Hello dear your answer is in up in photo


THERE FORE THE COMPOUND INTEREST IS $6620





Thanks!!