1.

calculate the amount and compound interest on rupees 10800 for 3 years at 2 5 upon 2% per annum compounded annually​

Answer»

We can CALCULATE this USING the formula

p×(1+r/100)^n

p= principal

r/100=rate of interest

n= no.of years

10800×(1+2/100)³

10800×(102/100)³

10800×(1.02)³

10800×1.06

=11,461.04

We can ROUND off this as

₹11,461



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