Question

find the compound interest on rupees 20000 at 15% per annum for 3 years

Answer 1

Answer:

given

p=20000

r=15%

n=3yrs

Compound interest =(20000×115/100 ×115/100 ×115/100)-20000

                                  =30417.5-20000

                                  =Rs 10417.5