Find the compound interest on rupees 5000 at 4% per annum for 3 years compounded
Answers
Answered by
2
Answer:
ok
Step-by-step explanation:
Answered by
4
Answer:
Step-by-step explanation:
Principal =Rs. 5000
Time =3 years
Rate =8%
Amount compounded annually
=5000⋅(1+
100
8
)
3
=5000⋅
100
108
⋅
100
108
⋅
100
108
=Rs. 6298.56
Compound interest =Rs. 6298.56−Rs. 5000
=Rs. 1298.56.
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