Question

find the compound interest on rupees 3000 for 2 years at 4% per annum.​

Answer 1

Answer:

I = P×T×R / 100

= 3000×2×4/100

= 240

Answer 2

Step-by-step explanation:

=. Compound Interest= P{(1+R/100)^n-1}

= Principal (P)=3000

= Rate (R)=4% per annum(p.a)

=Time(n) =2years

=Compound Interest= 3000{(1+4/100)^2-1}

=242.4 (calculate properly)