Question

A man invests rupees 35000 at 5 percent per an in compound interest for 3 years . Calculate the interest for the 3 years

Answer 1

Answer:

Compound interest is Rs. 5,516.875 (please Mark me as brainlest)

Step-by-step explanation:

here , p = Rs. 35000

r = 5%

and t/n = 3 years

and A = Rs. P (1 + r/100) to the power n

= Rs. 35000× (1 + r/100) to the power 3

= Rs. 35000× (105/100) to the power 3

= Rs. 35000 × (1.05) to the power 3

=Rs. 40,516.875

now, compound interest CI = Rs.(A-P)

= Rs. (40, 516.875 - 35000)

= Rs. 5,516.875