Question

if Principal = $ 300 rate =5/ p.a. time = 3 years then interest will be $ .........​

Answer 1

Answer:

Compound interest , C is given by r = rate, P = principle, n = time

C=P[(1+r)

n

−1]

=3000[(1+

100

5

)

2

−1]

=3000(1+

10000

25

+

100

10

−1)

=30(

100

25

+10)⇒30(10+

4

1

)

=30(

10

41

)

C=Rs.123.

Step-by-step explanation:

refer the pic or see this

hope it's help you