Question

Lata borrowed a sum of 2000 from a bank to purchase a sewing machine. If the rate of
interest is 4% per annum, calculate the compound interests that Lata has to pay to the bank
after 3 years
​

Answer 1

Answer:

Hey friend, your answer ₹ 240 . I hope it will help you.

Step-by-step explanation:

Given:

Principle = ₹2000 , Rate = 4% , Time = 3 years

formula : P×R×T/100

Interest = 2000× 4× 3/100 = ₹240(answer)

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