Question

find the compound interest on rupees 3000 for 2 years at 4 per cent per annum

Answer 1

Answer:

this is the correct answer

Step-by-step explanation:

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Answer 2

Given,

Principal $=3000$,

Time $= 2$ years

Rate $=4$

We have to find the compound interest

Formula,

Compound interest $= P(1+\frac{r}{100} )^{T}$

Substitute given values in the above formula,

$= 3000(1+\frac{4}{100} )^{2}$

$=3,244.8$

Therefore, the compound interest is $3,244.8$.