Calculate the amount and compound interest on ₹ 10,800 for 3 years at 10% per annum compounded annually???
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Calculate the amount and compound interest on ₹ 10,800 for 3 years at 10% per annum compounded annually???
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Answer:
HERE
P=10800,R=10%PER ANNUM ,TIME(N)=3YEARS
amount=P×(1+R/100)^N
=10800×(1+10/100)^3
=10800×(11/10)^3
=10800×11/10*11/10*11/10
=14374.8
Step-by-step explanation:
amount =14374.8
compound interest =A-P=14374.8-10800=3574.8
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Answer:
HERE
P=10800,R=10%PER ANNUM ,TIME(N)=3YEARS
amount=P×(1+R/100)^N
=10800×(1+10/100)^3
=10800×(11/10)^3
=10800×11/10*11/10*11/10
=14374.8
Step-by-step explanation:
amount =14374.8
compound interest =A-P=14374.8-10800=3574.8
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