Question

what will be compound interest on 30000 at 20%p.a. compounded annually for 3 years​

Answer 1

Step-by-step explanation:

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Answer 2

Answer:

ANSWER

P=Rs.30,000,T=2years and R=10%

⇒  A=P(1+100R)T

⇒  A=30000×(1+10010)2

⇒   A=30000×1011×1011

∴    A=Rs.36300

⇒   C.I.=A−P=Rs.36300−Rs.30000=Rs.6300