Question

find the compound interest in rs 5000in 3 years at 10%per annum compound annually​

Answer 1

Step-by-step explanation:

P=5000

R=10%

T=3

COMPOUNDED ANNUALLY

A=P(1+r/100)raised to n

=5000(1+10/100)³

5000(110/100)³

5000*110/100*110/100*110/100

6655

Amount=rs 6655

CI=A-P

=6655-5000

= 1655

CI= rs 1655

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