Question

Principal = Rs 3000, Rate = 18%, Time = 2 years find compound interset

Answer 1

$\huge\sf\underline\red{Solution}$

Given, P = Rs 3000, rate = 18%, time = 2years

A = P (1 + R/100)^n

= 3000 (1 + 18/100)²

= 3000 (118/100)²

= Rs 4177.2

So, compound interest is 4177.2

Answer 2

$\huge\bf\underline{Answer}$

Step by step explanation:-

Compound interest:-

Compound interest means the money you make other than simple interest income from your invested capital.

Lets solve one problem

As they given,

Principal = 3000₹

Rate = 18%

Time = 2years

Compound interest:-?

Formula:-

A = P (1 + R/100) n

Plugging valueS:-

= 3000 (1 + 18/100)²

= 3000 (118/100)²

= Rs 4177.2