Question

Find the compound interest RS 2700@3 1/3 per annum for 3years

Answer 1

Answer:

Rs.279.1

Step-by-step explanation:

P=2700

R=10/3%

T=3 years

compound interest:

Amount-Principal

=2700(1+10/300)^3-2700

=2700×(31/30)^3-2700

=2700((31/30)^3-1)

=2700(31^3-30^3/30^3)

=2700(31^3-30^3/27000)

=31^3-30^3/10

=29791-27000/10

=2791/10

=279.1rupees.