Q1 of 30 Page 125

Use the formula to find the amount and the compound interest.

Given: Principal (P) = Rs. 20000, Rate of Interest (R) = 5% and Number of years (n) = 3year

As Amount (A):




.



⇒ A = Rs. 23152.50


compound interest (CI),


CI = A - P


CI = 23152.50 - 20000


⇒ CI = Rs.3152.50


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