Question

find the compound interest on rupees 300 for 2 year at 4% per annum​

Answer 1

Answer:

Here is your explaination:

Principal (P)=Rs.300

Time(T)=2yrs

Rate(R)=4%

CI=P{(1+R/100)^T -1}

=300{(1+4/100)^2 -1}

=300*0.0816

=Rs.24.48

Step-by-step explanation:

Hope it helps.