Question

Compound interest on Rs. 500 for 3 year at 10% per annum is

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Answer 1

Step-by-step explanation:

500×3×10/100=150

compound interest=500-150=350

Answer 2

Answer:

165.5

Step-by-step explanation:

We know that

Compound Interest = Amount - Principle

i.e. CI = A - P

Also

A = P (1+r/100)^n

Now,

A= 500(1+10/100)^3

A= 500(1+1/10)^3

A= 500(11/10)^3

A= 500 ×1331/1000

A= 665500/1000

A= ₹665.5

Now,

CI = A - P

CI = 665.5 - 500

CI = ₹165.5