principal = 2000 rate = 6% p.a., time = 3 years
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Principal = ₹2000
Rate = 6%/annum.
Time = 3yrs.
SI = P × R × T / 100 = ₹2000×6×3/100=₹360.
Therefore Amount = ₹2000+₹360=₹2360.
Compound Interest:
Amount = P(1 + R/100)^n {n = time}.
= 2000(1+ 6/100)^3.
=2000(106/100)^3.
=2000×106/100×106×100×106/100=2382(approx.)
Rate = 6%/annum.
Time = 3yrs.
SI = P × R × T / 100 = ₹2000×6×3/100=₹360.
Therefore Amount = ₹2000+₹360=₹2360.
Compound Interest:
Amount = P(1 + R/100)^n {n = time}.
= 2000(1+ 6/100)^3.
=2000(106/100)^3.
=2000×106/100×106×100×106/100=2382(approx.)
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