Question

Find the compound interest Principal=20,000
Rate = 5 p.c.p.a
Number of years = 3 years
Plzz tell me the answer in full solution...

Answer 1

A=p (1+r/100)^
A=20000(1+5/100)^3
A=20000×21/20×21/20×21/20
A= 23152.5
CI= A-P
CI= 23152.5-20000
CI=3152.5 ANS