Question

The compound interest son 20000 at 10%p.a in 3 years

Answer 1

Answer:

6620/-

Step-by-step explanation:

${ \purple{ \textsf{Given-}}}$

P = 20 , 000

R = 10%

T = 3 years

${ \orange{ \textsf{Formula-}}}$

${ \mathbb{ \red{A = P(1 + \frac{R}{100}) {}^{n}}}}$

$Amount = 20000(1 + \frac{10}{100}) {}^{3} \\ = 20000( \frac{110}{100} ) {}^{3} \\ = 20000( \frac{11}{10}) {}^{3} \\ = 20000 \times \frac{11}{10} \times \frac{11}{10} \times \frac{11}{10} \\ = 20 \times 11 \times 11 \times 11 \\ = 20 \times 1331 \\ = 26620$

AMOUNT = 26620/-

Compound Interest =

A - P

26620 - 20000

= 6620/-

${ \huge{ \textsf{ \blue{Answer}}}}$

6620/-