Question

find compund interest if principal is 2000 , rate of interest is 5% pa and time is 3years

Answer 1

A=p(1+R/100)n

A=2000(1+5/100)3

A=2000(105/100)3

A=2000x21/20x21/20x21/20

A=9261

CI=A-P

   =9621-2000

   =6621