Find the amount and compound interest on 2000 at 5% per annum for 3 years
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Answered by
8
A=2000(1+5/100)^3
2000×105/100×105/100×105/100
2*105×105/10×105/100
2315.25
c. i=2315.25-2000
=315.52
2000×105/100×105/100×105/100
2*105×105/10×105/100
2315.25
c. i=2315.25-2000
=315.52
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Answered by
7
=2000×(105/100)^2
=2000×441/400
=2205 is the amount
CI = 2205-2000
=205
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