What is the compound interest on Rs. 48,000 for 2 years at 20 % p.a., if interest is compounded annually?Options69,12076,80072,00021,120
Question
Solution 1
To calculate the compound interest, we can use the formula:
A = P (1 + r/n) ^ nt
Where: A = the amount of money accumulated after n years, including interest. P = principal amount (the initial amount of money) r = annual interest rate (in decimal) n = number of times that interest is compounded pe Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solv
Similar Questions
What is the compound interest on Rs. 48,000 for 2 years at 20 % p.a., if interest is compounded annually?Options69,12076,80072,00021,120
Find the principal, if the compound interest compounded annually at the rate of 10% perannum for three years is Rs 331
What is the compound interest on Rs. 8000 at the rate of 10% per annum compounded annually for 2 years? Options Rs. 1600 Rs. 1760 Rs. 1680 Rs. 1840
At what percent per annum will sum of Rs 8000 amount to Rs 9261 in 3 years, if interest is compounded annually?20%4%5%8%
What is the compound interest on Rs. 8000 at the rate of 10% per annum compounded annually for 2 years?