Question

Here P = 5000
r= 8%
N= 3 years
​

Answer 1

SI = P×R×T/100

= 5000×8×3/100

= 1200

and for CI

First we have to find Amount

A=P(1+r/100)n

= 5000(1+8/100)3

= 5000×(108/100)3

= 5000×108/100×108/100×108/100

= 5000×19683/15625

= 5000×1.26

= 6300

CI =A-P

= 6300-5000

= 1300

Hope it helps

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