Hiiiiiii guys ✌✌✌✌✌✌✌✌. find the amount and compound interest on a sum of rupees 5000 at 7½% per annum for 3 years.
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Answer:
A = 6211.484 Rs
Step-by-step explanation:
A = P (1 + r/100) ^ n
P = 5000 r = 7.5 n = 3
A = 5000 ( 1 + 7.5/100)^3
A = 5000 (1 + 0.075)^3
A = 5000 (1.075)^3
A = 5000 (1.242)
A = 6211.484 Rs.
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