Question

how to find compound interest?​

Answer 1

Answer:

25.97/100*2000=519.4 compound interest...

Simple intrest will be... 487.12 approx

Answer 2

Answer:

20

Step-by-step explanation:

P = 2000 R = 8% t = 3 years

compound interest = P × (1+ R/100)^t - P

2000 × (1 + 8/100)^3 - 2000

2000 × ( 27/25)^3 - 2000

2000 × 1.25 - 2000

2500 - 2000

500

simple interest = (P × R × t)÷100

2000 × 8 × 3 ÷ 100

=480

compound interest - simple interest = 500 - 480

= 20