Question

find the compound interest on Rs 5000 for 3 years at 5%

Answer 1

788.125 is answer.....
5000×5%= 250×3=750
250×5%= 12.5×3=37.5
12.5×5%=0.625×1=0.625
750+37.5+0.625=788.125

Answer 2

▶▶▶ Here's your answer

⭐⭐ Hope this helps you ⭐⭐

$<u><b><I>Compound Interest :-</u></b><I>$

Compounding at annually,

Principle = 5000

Rate of interest = 5%

Number of years = 3

Amount = P ( 1 + $\frac{R}{100}$ )^n

= 5000 ( 1 + $\frac{5}{100}$ )^3

= 5000 $\frac{21}{20}$^3

= 5000 $\frac{21}{20}$ $\frac{21}{20}$ $\frac{21}{20}$

= Rs.7717.50

C.I. = 7717.50 - 5000

= Rs.2717.50