Find the compound interest on 26,000 for 3 years at the rate of 10% per annum
compounded annually.
Answers
Answered by
3
Step-by-step explanation:
A=P(1+
100
R
)
T
⇒ A=20000×(1+
100
10
)
2
⇒ A=20000×
100
121
⇒ A=Rs.24,200.
∴ C.I.=A−P=Rs.24,200−Rs.20,000=Rs.4200.
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