Find the amount and compound interest on rupees 38000 at 10%p.a. for 3 years

Asked by jayshreevaishnav08 | 12th Nov, 2018, 09:01: AM

Expert Answer:

begin mathsize 18px style Amount space equals space straight P open parentheses 1 plus straight r over 100 close parentheses to the power of straight n
38000 equals space straight P open parentheses 1 plus 10 over 100 close parentheses cubed
find space straight P
then comma space
straight I space equals space straight A space minus space straight P end style

Answered by Arun | 12th Nov, 2018, 10:35: AM