Calculate the Compound Interest on Rs.20,000 at 8% per annum for 3 years compoun...

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June 2022 2 19 Report

Calculate the Compound Interest on Rs.20,000 at 8% per annum for 3 years compounded annually.

krupakar Given principle = Rs 20,000 and rate of interest = 8% and time = 3 years
Amount = p(1+r/100)^n
= 20000 (1+8/100)³
⇒ 20000(27/25)³ = 20000*19683/15625 = 25194.24 Rs
Amonut = 25194.24 Rs
C.I = amonut - priciple
C.I = 25194.24 - 20000 = Rs 5194.24

krupakar thanks for marking as brainliest

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