Question

Calculate what R10000 will amount to if it is invested at 10 % per annum
compound interest for 3 years.

Answer 1

Given, principle=Rs.10000
          time=3years
          rate=10%
          S.I=P*T*R/100
          S.I=10000*3*10/100
          S.I=3000
          Amount=P+S.I
          Amount=Rs(10000+3000)
          amount=Rs.13000

Answer 2

10000*(1+10/100)^3
answer:- 13310