Math, asked by shubhamsrivastava020, 1 month ago

Using the formula, calculate the amount, when: principal=20, 000, Rate=15% per annum, Time = 3 year​

Answers

Answered by xahangalib19
2

Answer:

C.I = 10417.5

Step-by-step explanation:

Given principal amount is P = 20000

Time to repay the amount is N = 3 years

Rate of interest is R =15 %  

To find the amount of compound interest after 2 years

C.I. = ?

We know that the formula to calculate the final amount

A=P(1+R/100)∧N

On putting the given values

A=20000×(1+15/100)^3

On simplification

A=20000×1.520875

A=30417.5

Now we will calculate the compound interest

We know that

∴ C.I. = A − P

On putting the values of A and P

We get

=30417.5 − 20000

On subtracting

We get  C.I = 10417.5

Answered by harshit2k9
0

Answer:

Hope it helps!!

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