what is the amount on 2000 at 10% per annum for 3 years compounded annually
Answers
Answered by
2
Step-by-step explanation:
ANSWER
P=Rs 2000
R=10%
T=2
1/2
years =
2
5
years.
A=P(1+
100
R
)
T
=2000(1+
100
10
)
5/2
=2000(
10
11
)
5/2
=2538.1
≃ 2538
C.I=A−P
=2538−2000
=538.
Hence Amount =Rs 2538
C.I=Rs 538
Answered by
0
Answer:
AMOUNT=Rs.2662.00
Step-by-step explanation:
GIVEN PRINCIPAL= Rs.2000
RATE OF INTEREST= 10%
TIME=3 YEARS
THERFORE AMOUNT = P(1 + \frac{r}{100})^{t}
=2000(1+\frac{10}{100})^{3}
= Rs.2,662.00
HOPES IT HELPS YOU.
THANK YOU.☺
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