Question

Find the amount at the end of 3 years if principal is Rs 5000 and rate is 5% per annum.​

Answer 1

Answer:

We have,

(a) principal(p)=Rs1200

Rate(R)=12%

Time(t)=3year

S.I=

100

P×R×T

=

100

1200×12×3

=Rs432

amount=P+S.I

=1200+432

=1632

(b)P=7500

rate(r)=5%

T=3year

S.I=

100

P×R×T

=

100

7500×5×3

=1125

amount=7500+1125

=8625

Answer 2

Answer:
Principal=₹5000
Rate of Interest=5% p.a.
Time=3 yrs
Amount=P(100+R/100)^T
=5000(100+5/100)^3
=5000* 11,57,625/10,00,000
=5,788.125
Amount at the end of 3 years is ₹5,788.125.