Question

Find the compound interest on RS 7000 for 3 years at 5% per annum compounded annually

Answer 1

Answer:

Applying the rule A = P(1+R100)n on the given situations, we get:

(i) A = 3000(1+5100)2 = 3000(1.05)2 = Rs 3307.5

Now, CI = A – P = Rs 3307.50 – Rs 3000 = Rs. 307.50

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Answer 2

for your answer refer to attachment ⤴️⤴️