Question

THE COMPOUD INTEREST ON
RS. 2,000 FOR 3 YEARS AT THE
RATE OF 5% P.A. COMPOUNDED
YEARLY, IS

Answer 1

Principal-Rs 2000

Time- 3 years

Rate =5% p.a.

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

Amount= 2000(1+[5/100])³

=2000×21/20×21/20×21/20

=₹2315.25

So compound interest=₹2315.25-2000=₹315.25

Ans)The compound interest is ₹315.25 or number b)

Answer 2

Step-by-step explanation:

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