Question

peincupal 20000 rate 81/2 time 3 year find compound intrest​

Answer 1

Answer:

use A = P ( 1 - RT/100 )^n

Step-by-step explanation:

Given : P = 20,000 / R = 81 / T = 2 / n = 3

              =  20000 { 1 -(81 X 2 /100) } ^3

              = 20000 ( 1 - 1.62 )^3

              = 20000 (0.62 )^3

              = 20000 X 0.238328

              = 4,766.56

        Now add this value to the principle amount

            You get

        Ans = 24,766.56