Question

Find the compound interest on Rs 5000 at 6% per annum for 3 years, If the interest is

compounded annually.​

Answer 1

Answer:

Rs. 5955.08

Step-by-step explanation:

$formula \: for \: compound \: interest = p \times (1 + \frac{r}{100} )^{n}$

where,

p is the principal amount

r is the rate of interest

n is the number of years

$compound \: interest = 5000 \times (1 + \frac{6}{100} )^{3} = 5955.08$

Answer 2

upper me apka answer hai