Math, asked by divyjain91, 11 months ago

calculate compound interest on rs 1000 for 3 years at rate of 5% per annum

Answers

Answered by ipraveen

2

Answer:

Step-by-step explanation:

in CI

A = p(1+r/100)∧t

= 1000(1+5/100)∧3

= 1000×21/20×21/20×21/20

= 21×21×21/8 = 1157.625

now

CI = A - P

= 1157.625 - 1000 = 157.625

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