Question

Find the interest on 2048 for 3 years, interest compounded annually at the rate of
pa

​

Answer 1

Answer:

please make me brain list

Step-by-step explanation:

Simple Interest I=

100

PNR

Here for first year,

P=Rs8,000

N=1year

R=10 %

So, Interest at the end of 1st year I=

100

8,000×1×10

=Rs800

So, for second year,

P=Rs8000+Rs800=Rs8800

N=1year

R=10 %

I=

100

8800×1×10

=Rs880

And Amount =Rs8800+Rs880=Rs9680