Question

4. Manisha deposited 1000 at 5% per annum of
compound interest for 3 years with State Bank
of India. What will she get back at the expiry of
the period?​

Answer 1

Answer:

given,

principal=1000

interest rate=5%

time=3years

A=1000(1+5/100)^3

=1000×105/100×105/100×105/100

= 105×105/10×105/100

= 21×21/2×21/4

=9261/8

=1157.625

compound interest=Amount - principal

1157.625-1000=157.625