Question

Find the compound interest ₹10000 for 3 years at 5% Annum

Answer 1

C.I.

$= 10000 \times (1 + 1 \div 100) ^{3}$

=10303.01

Answer 2

Principal amount=10000, Rate=5%,Time = 3 years

Amount= p ( 1+r/100)^t

=10000(1+5/100)^3

= 10000(1×100+5/100)^3

=10000(105/100×105/100×105/100)

=11576.25Rs