1.
Find the compound interest on 5000 in 3 years at 10% per annum compounded annually
Answers
Answered by
1
Answer:
1655 isthe correct answer
Answered by
5
Answer:
1655 is the answer
Step-by-step explanation:
P=5000
R=10percent
T=3years
amount= (1+r/100)raise to T
t=Time
5000(1+10/100)³
5000(110/100)³
5000*100/110*100/110*100/110
6655
Amount= rs 6655
CI= A-P
CI = 6655-5000
CI=1655
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