Question

Q. Calculate the amount and the compoound interest on Rs. 20000/-for three years at 8% per annum.​

Answer 1

Step-by-step explanation:

Given:

The principal of Rs.20,000

Rate is 8% per annum

Time is 3 years

Concept used:

A =Amount

P = Principal

r =Rate of interest

n =Time period

Calculation:

A =20,000(1 + (r/100))n

A =20,000(1 + (8/100))3

A =20,000(27/25)3

A =20,000(19683/15625)

A =25,194.24

Now, Compound Interest =Amount - Principal

CI =25194.24 - 20,000

CI =5194.24

Compound Interest is Rs.5194.24

$\huge\bf\underline\pink{Pls Follow❤࿐}$

Answer 2

Answer:

Step-by-step explanation:

Given:

The principal of Rs.20,000

Rate is 8% per annum

Time is 3 years

Concept used:

A =Amount

P = Principal

r =Rate of interest

n =Time period

Calculation:

A =20,000(1 + (r/100))n

A =20,000(1 + (8/100))3

A =20,000(27/25)3

A =20,000(19683/15625)

A =25,194.24

Now, Compound Interest =Amount - Principal

CI =25194.24 - 20,000

CI =5194.24

Compound Interest is Rs.5194.24

\huge\bf\underline\pink{Pls Follow❤࿐}PlsFollow❤࿐