Question

Find the compound Interest on Rs 4000 for 3 years at 10 % per annum

Answer 1

Step-by-step explanation:

A=P(1+r100)n⇒A=4000(1+10100)2⇒A=P(1+110)2⇒A=4000(1110)2⇒A=4000×121100⇒A=4840 Rs. Hence the amount after 2 years will be 4840 and it'll only work as the principal amount for simple interest. The formula for the simple interest is = PRT100, where P is the principal amount, R is the rate of interest, and T is time spam.

Answer 2

Answer:

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