Answers

2016-04-18T14:46:00+05:30
Rate of interest = 4% = 0.04
Starting amount = Rs 2000
 n = 3 months
Amount  = Starting amount * (1 + Rate of Interest)^n 
                                       = 2000 * (1+0.04)^3
                                            = 2249.728
The Amount after 3 months is Rs 2249.728
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