Question

find the compound interest on rupees 10000 for 3 years at 7% per annum, compounded annually​

Answer 1

S O L U T I O N :

Principal, (P) = Rs.10000

Rate, (R) = 10% p.a

Time, (n) = 3 years.

As we know that formula of the compounded annually;

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Now, as we know that compound Interest;

→ C.I. = Amount - Principal

→ C.I. = Rs.13310 - Rs.10000

→ C.I. = Rs.3310

Thus,

The compound Interest will be Rs.3310 .

Answer 2

Step-by-step explanation:

P=10000. ,R=7%. ,T=3 years