1.

Calculate the amount and compound interest on 2000 for 3 years at 5% per annum compounded annually

Answer»

Answer:

3,600

Step-by-step explanation:

AMOUNT = ₹2000

Time = 3 years ( 36 MONTS)

INTEREST = 5%

2000 X 36 = 72,000

72,000 X 5 % (0.05 %)

= ₹ 3,600

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