Application of Compound Interest Formula

Computation of compound interest.

What is compound interest

Applications Of Coordination Compounds

Write the formula to find compound interest.

To calculate the growth of a bacteria if the rate of growth is known, the formula for calculation of amount in compound interest can be used.

A sum of Rs. 3000 is invested on compound interest (compounded anually) at the rate of interest 20% per annum What is the compound interest for 2 years ?