Answer:
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answer = CI = 3108 RUPEES
Step-by-step explanation:
i am doing the method in which u find the simple interest of first year then second year.
SI FOR 1ST YEAR= P X R X T / 100
SI = 2700 X 20 X 2 / 3 X 100 ( RATE OF INTEREST IS 20 / 3)
SI = 108000/300
SI = 360
SI FOR SECOND YEAR =
P = 2700 + 360= 3060
SI = 3060 X 20 X 2 / 300
SI= 122400 / 300
SI = 408
COMPOUND INTEREST (CI) = PRINCIPLE + SI OF 2ND YEAR
CI = 2700 + 408
CI = 3108 RUPEES
or u can solve be the method
CI = amount - principle
Amount= principle x (change in ratio) raised to time
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