Find the compound interest when principal = Rs. 3000, rate = 5% per annum and time = 2 years.
Given:
Principal =Rs.3000
Rate = 5%
Time = 2 years
Hence,
Compound interest = 
= 
1
Find the compound interest when principal = Rs. 3000, rate = 5% per annum and time = 2 years.
Given:
Principal =Rs.3000
Rate = 5%
Time = 2 years
Hence,
Compound interest =
=