Saved Bookmarks
| 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 |
|