Question

Compound interest on rupees 2000 at 5% per annum for 3 years compounded yearly

Answer 1

Compound Interest=Principal(1+ Rate/100)^time-Principal =2000(1+5/100)^3-2000=2000(1.05)^3-2000= 2000(1.05^3-1) =2000(1.05-1)((1.05)^2+1.05+1)=
2000(0.05)(1.1025+2.05)=100(3.1525)=₹315.25.

Answer 2

hyyyy mate....
thanks for the question ....
ur ans is here in the attachment ....
hope it helps u..