what will be the compound interest on ₹30000 at 20% p.a. compounded annually for 3 years
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5
refer to the attachment
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Answer:
Principal = 30000
Rate = 20 % p. a.
Time = 3 years
Amount = P ( 1 + R / 100) n
30000 ( 1 + 20 / 100 ) 3
30000( 120 / 100 ) ^ 3
51840 Rs
Compound Interest = Amount - Principal
51840 - 30000
21840 Rs
sam2980:
Among all the answers I feel ur answer is right
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