Question

Find the amount if principle is 1000 at the rate of 5% for 3 year

Answer 1

hey friend
here is your answer
principal=1000
r=5%
=3
Amount =Principal+interest
interest=p×r×t/100
=5000×5×3/100
=750 rs
amt=p+i
=5000+750= rs 5750

Answer 2

Given-P=1000,R=5%,T=3year. A=P(1+r/100)^t. A= 1000 (1+5/100)^3. A=1000 (1+1/10)^3.A=1000 (11/10)^3.A= 1000×11/10×11/10×11/10.When we cancel thiswe get 11×11×11=1331.This is amount.And when we find compound interest-C.I=A-P.So,Rs.1331-1000=331. So,the ans is A=1331 and C.I=331."Hope it may help you."