Question

- Manisha deposited 1000 at 5% per annum of
compound interest for 3 years with State Bank
of India. What will she get back at the expiry of
the period ?​

Answer 1

Answer:

The answer is:

Step-by-step explanation:

1year.

1000*5*1/100

=50

2year.

p=(1000+50)

=1050

ci=1050*5*1/100

=52.5

3year

p=(1050+52.5)

=1102.5

ci=1102.5*5*1/100

=5.625

The amount she will receive at the end is (1000+5.625)

=1005.625