Question

A man invests ₹35000 at 5%per annum compound interest for 3years. Calculate

Answer 1

principle=35000/-

rate%=5%

term=3years

amount=P(1+R/100)^n

=35000(1+5/100)^3

=40,516.875/-

compound interest=40516.87-35000

=5516.875/-