Question

find the compound interest on rupees 20000 for 3 year at 10% per annum

Answer 1

the compound interest on rupees 20000 for 3 year at 10% per annum will be 1014 rupees

Answer 2

1st year -> 20000+10%(20000) = 20000+2000=22000

2nd year-> 22000+10%(22000)=22000+2200=24200

3rd year-> 24200+10%(24200)= 24200+2420=26620