Question

when compounded annually
find the compound interest when Principal 30000 rate is equal to 5% and time is equal to 2 year​

Answer 1

Answer:

P=30000

R=5% p.a.

T=2 years

Amount=P(1+R/100)^T

Amount=30000(1+5/100)^2

Amount=30000*105/100*105/100

Amount=3*105*105=33075

Hence, the amount is ₹33075

Then compound Interest=Amount - Principal

CI=A-P

CI=₹33075-₹30000

CI=₹3075

Hence, Compound Interest is ₹3075

Step-by-step explanation:

Hope it helped u dear frnd...