Math, asked by janvi6thc, 1 day ago

find the compound interest on 3000 for 2 years at 4 percent per annum .​

Answers

Answered by shreyasengupta1862
1

Hope my answer helps you :)

Solution:-

  • P = 3000
  • T = 2 years
  • R = 4%

A = P(1 + R/100)^T

A = 3000 *( 1 + 4/100)^2

A = 3000 * 104/100 * 104/100

A = 3 * 10.4 * 104

A = 3244.8

CI = 3244.8 - 3000 = 244.8 (Answer)

Thank you!

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