Question

calculate compound interest on 5000 at 5% rate of interest p. a for 3 years

Answer 1

$\textbf{\huge{ANSWER}}$

Solution :-

A = P(1+R/100)n
A = 5000(1+5/100)3
A = 5000*105/100*105/100*105/100
A = ₹5,788.1

CI = A - P
CI = 5,788.1 - 5000 = ₹788.1