Question

calculate the amount and compound interest on 5000 3years 11%p.a​

Answer 1

A = P(100+R/100)^n

A = 5000(111/100)^3

$= 5000 \times \frac{111}{100} \times \frac{111}{100} \times \frac{111}{100 } \\ = \frac{1,367,631}{200} \\ = 6,838.155$

CI = A - P

= 6,838.155 - 5000

= 1,838.155

HOPE THIS HELPS YOU ☺☺