Find the compound interest on 3000 for 2 years at 4% per annum.
Answers
Answered by
2
Answer:
514.98
Step-by-step explanation:
plz refer the above hope it helps
Attachments:
Answered by
3
Step-by-step explanation:
use principal formula then, solve it...
interest= 3000
time= 2 years
rate= 4
then,
interest = (time )(rate)( principal) / 100
3000=( 2)(4) ( x) / 100
3000= 8x / 100
now cross multiple
3000/1 = 8x/ 100
24000x = 100
x= 24000/100
x= 240
principal is 240
answer is 240
l hope, it is useful for you
Similar questions