Question

find the compound interest and amount on rupees 28000 for 3 years at 5%for annum compounded annually

Answer 1

Step-by-step explanation:

A=p(1+R/100)^n

=28000(1+5/100)^3

=28000(21/20)^3

=28000*21/20*21/20*21/20

=7*21*21*21/2

=19827/2

=9913.5