Question

Mohan borrowed ₹ 30,000 for 3 years at 15% per annum compound interest. Calculate the interest during the 2 years.​

Answer 1

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SO HERE'S YOUR ANSWER:-

Answer:

amount is 39675 and simple interest is 9675

Step-by-step explanation:

1 step by using formula A=[P+1/100]^n

2 step A=30000[ 1+15/100]^2

3 STEP A= 30000[ 115/100]^2

4 STEP A =30000 *115*115÷100*100

5STEP A=3*115*115

6 STEP A=345*115

7 STEP A=39675

SO AMOUNT is 39675

SIMPLE INTEREST =39675 -30000= 9765

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Answer 2

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