Question

Find the compound interest if principle=5000,rate=5 and time=5

Answer 1

Answer:

Principal=5000

Time=5

Rate=5

Amount=P(1+r/100)¹

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

=6381•40

C.I.=A-P

=6381.40-5000

=1381.40.

Hope this answer helps!!!

Step-by-step explanation: