What is the compound interest on Rs.2,500 for, 3 years at 4% p.a. ?
Answers
Answered by
1
Given :
Principle : ₹2500
Rate of interest : 4%
Time : 3 years
To find :
The compound interest of the given information.
Solution :
First, we should find the amount.
Now, we can find the compound interest.
Compound interest :
Hence, the compound interest is ₹2312.16.
Similar questions
Biology,
5 hours ago
Accountancy,
5 hours ago
English,
10 hours ago
English,
7 months ago
Math,
7 months ago
Computer Science,
7 months ago