Question

Find the compound the interest on ₹25000 for 3 years at 10% p.a compound anually

Answer 1

Answer:

The Compound Interest will be Rs.8275.

Step-by-step explanation:

Given,

          Principal = Rs.25000

          Rate = 10%

          Time = 3 Years

Then, the Compound Interest =

$= P[1+\frac{R}{100}]^{3} - P\\=25000[1+\frac{10}{100}]^{3} - 25000\\=25000[\frac{100+10}{100}]^{3} -25000\\=25000[(\frac{11}{10})^{3} -1]\\=25000[\frac{1331-1000}{1000}]\\=25000[\frac{331}{1000}]\\=25*331\\=8275 Rupees$