Question

- Find the interest paid by a borrower after a period
of three years on a loan of 2000 at 10% per annum,
interest being compounded annually.​

Answer 1

Answer:

Time-3 years

Rate of Interest -10%

Principal -2000

INTEREST=P*T*R/100=3*10*2000/100=60,000/100=600

Answer 2

Answer:

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