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Find the amount and the compound …

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Find the amount and the compound interest ,if the interest is compounded yearly $300 at 3%per annum for 2 years

Posted by Gyanti Kumari 6 years, 10 months ago

CBSE > Class 08 > Mathematics

1 answers

Shourya Pratap Sangwan 6 years, 10 months ago

P=Rs.300 R=3%p.a T=2 years A=P(1+R/100)^T =300(1+3/100)^2 =300(103/100)^2 =300(31209/10000) =Rs.936.27 C.I=A - P =Rs.936.27 - Rs.300 =Rs.636.27

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