Question

Rate 10% time 3 years principals 4000 compound interest ?

Answer 1

Answer:

Amount = p*(1+R%/100)^T

A= 4000*(1+10/100)^3

A= 4000*(110/100)^3

A= 4000*1.331

A= 5324 rupees

CI= 5324-4000

CI= 1324 rupees