Question

find compound interest on rupees 5000 for 3 years at 5%.

Answer 1

Answer:

Step-by-step explanation:

P= rs 5000

R=5

T= 3

Ci= p(1+r/100)^t)-1

= 5000 ( 21/20)^3-1

= 5000( 9261 -8000)/8000

=5000( 1261)/8000

= 5000×1261/8000

=5×1261/8

=6305/8

= 787. 7 rs

I hope it will help u

Answer 2

▶▶▶ Here's your answer

⭐⭐ Hope this helps you ⭐⭐

$<u><b><I>Compound Interest :-</u></b><I>$

Compounding at annually,

Principle = 5000

Rate of interest = 5%

Number of years = 3

Amount = P ( 1 + $\frac{R}{100}$ )^n

= 5000 ( 1 + $\frac{5}{100}$ )^3

= 5000 $\frac{21}{20}$^3

= 5000 $\frac{21}{20}$ $\frac{21}{20}$ $\frac{21}{20}$

= Rs.7717.50

C.I. = 7717.50 - 5000

= Rs.2717.50