Math, asked by deepakraut71, 8 months ago

Example 1.29 : Find compound interest on 75,000 for three years
at 5% p.a. compounded yearly.

Answers

Answered by amitsnh

0

Answer:

Amount = P(1+R/100)^n

= 75000(1+5/100)^3

= 75000*(105/100)^3

= 75000*(21/20)^2

= 75000*9261/8000

= 86821.875

CI = A - P

= 86821.875 - 75000

= 11821.875

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