1.

4.) Let us write by calculating compound interest on 30000 at the rate of 9%interest per annum for 3 years,21. LetCom

Answer»

The answer is =810,000 of 30000×9=270,000×3=810,000

Amount = P(1 + (r/100))^n = 30000(1 + (9/100))^3 = 30000(109/100)^3 = 3 × 1295029/100 = 38850.87Compound Interest = A - P = 38850.87 - 30000 = 8850.87



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