Question

Find the compound interest on ₹28,000 for 3 years at 5 percent per annum compounded annually.

Answer 1

P=28000
T=3
R=5
Principal for 1st Year = 28000
SI = 28000×1×5/100
SI = 1400
Amount = 29400
Principle for 2nd year = 29400
SI = 1×5×29400/100
SI = 1470
Amount = 30870
Principle for 3rd Year = 30870
SI = 1×5×30870/100
SI = 1543.5
Amount = 32413.5
Compound Interest = Final amount - Principal
= 60413.5

Answer 2

Hello dear your answer is in up in photo

THERE FORE, THE COMPOUND INTEREST IS $4413.5



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