Question

Mohan borrowed rs 30000 for 3 years at 15% per annum compound interest calculate the interest during the 2 years

Answer 1

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

HOPE THIS WILL help you

Answer 2

Answer:

the rich people accumulate impressive private collections to which in-house scholars might be attached. convert into simple sentence