Question

Find the compound interest on rupees 5000 for 3 years at 5%.Find the simple interest also for rupees 5000 for 3 years at 5% p.a. and calculate the difference in the interests

Answer 1

Holla ^_^

☸ Required Answer is ⬇ ⬇⬇ ⬇⬇ ⬇

Principle = Rs. 5000
Time = 3 years
Rate = 5 %

☯Compound Interest = P [ (1+r/100)^t - 1 ]

=> 5000 [ (1+5/100)³ - 1]

=> 5000 [ (105/100)³ - 1]

=> 5000 [ (1157625/1000000) - 1 ]

=> 5000 [ 1.157625 - 1 ]

=> 5000 ( 0.157625)

=> 788.125

CI = Rs. 788.125


☯Simple Interest = P×R×T/100

=> 5000×5×3 /100

=> 75000/100

=> 750

SI = Rs. 750

Difference between the interests = CI - SI

=> 788.125 - 750

=> Rs. 38.125

Vielen Dank ♥

Answer 2

when deposited rupees 1000 in a bank in return he got rupees 1331 Bank give interest 10% per annum how long did he kept the money in the bank