Question

Find the compound interest on 5000 at 8% per annum for 3
years.
Find the compound interest on 8000 at 5% per annum for 3 year​

Answer 1

Step-by-step explanation:

compound addition=5000×(1+8/100)^3

5000×29/25×29/25×29/25

7804.48

compound interest= 7804.48-5000

2804.48

compound addition=8000×(1+5/100)^3

8000×21/20×21/20×21/20

9261

compound interest=9261-8000

1261