Question

25. Vineet invests a sum of 41250 at the rate of 5% per
annum. What compound interest will he obtain at the
end of 3 years?
A. 8100.10
B. *6502.03
C. 8210.70
D. 7879.04​

Answer 1

Answer:

6502.03

Step-by-step explanation:

A=41250(21/20)^3=41250(9261/8000)=47752.03

C.I=A-P=47752.03-41250=6502.03