Question

find the compound interest on rupees 2000 for 3 years at the rate of 4% per year ​

Answer 1

✯⚫ANSWER⚪✯

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

A = 2000( 1 + 4/100)^3

A = 2000( 1 + 1/25)^3

A = 2000( 26/25)^3

A = 2000 × 26/25 × 26/25 × 26/25

A = 2,249.728

CI = A - P

CI = 2,249.728 - 2,000

CI = Rs. 249.73