the compound interest on ₹10000 at 10% pa for 3 years compounded annually
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Answered by
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Answer: 3000.
Step-by-step explanation:
Compound interest is given as
CI = ptr/100.
P =10000.
T = 3 years.
R = 10%.
CI = 10000*10*3/ 100.
= 300000/100.
= 3000.
Answered by
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GIVEN :-
- Principal (P) = ₹ 10000
- Rate ( R %) = 10 % P.A
- Time (t) = 3 years.
TO FIND :-
- The compound interest .
SOLUTION :-
➠ Here find the compound interest let's find the amount first , Now apply the formula of amount
➠ Now substitute the values,
➠ Hence got the amount = ₹ 13310
➠ Now let's apply the formula for compound interest,
Hence the compound interest is ₹ 3310
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