the compound intrest on on 2000 for 3 year the rate of 5%p.a compounted year is
Answers
Answered by
2
Answer:
please marked as brainliest
Step-by-step explanation:
ok here principle amount =2000
time =3 yr
rate= 5%
Amount = p( 1+r/n)t
2000(1+ 3\100)³
=4394
Answered by
0
Answer:
110.25
Step-by-step explanation:
CI = P×R×T/100
INTEREST FOR 1st YEAR
= 2000×5×1/100
= 100
principal for next year = 100+2000
= 2100
INTEREST FOR 2nd YEAR
= 2100 × 5 ×1/100
= 105
principal for next year = 105+2100
= 2205
INTEREST FOR 3rd YEAR
= 2205 × 5×1/100
=110.25
Therefore, the CI for 3rd year is 110.25
I HOPE THIS WILL HELP YOU !
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