Math, asked by asherantony07, 1 month ago

Calculate the amount on ₹3000 for 3 years at 5% p.a compound interest​

Answers

Answered by jaatsahab67
1

Compound interest , C is given by r = rate, P = principle, n = time

C=P[(1+r)

n

−1]

=3000[(1+

100

5

)

2

−1]

=3000(1+

10000

25

+

100

10

−1)

=30(

100

25

+10)⇒30(10+

4

1

)

=30(

10

41

)

C=Rs.123.

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