Question

find the amount and the compound interest on trapeze 5000 for 3 years at 5 % per annum compounded annually
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Answer 1

Answer:

3000 rupee for 3 years at 5% per annual

Answer 2

Answer:

Principal (P) = Rs.5000

Rate (R)= 5% per annum

Time (T) = 3 years

Amount (A) = P (1 + R/100)^T

A = 5000 (1 + 5/100)^3

A = 5000 (21/20)^3

A = 5788.13

Hence, Amount = Rs.5788.13

Compound interest = Rs.(5788.13-5000) = Rs.788.13