Question

P = 30,000 R = 8% T = 3 year Find compound Interest​

Answer 1

Answer:

Required compound interest is 15360

Step-by-step explanation:

Given details are,

Principal (p) = Rs 30000

Rate (r) =8%

Time = 3 years

Compound interest = P(1+$\frac{R}{100}$)^n

=30000{1+(8/100)}^3

=30000×0.8^3

=15360