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?
Answers
Answered by
1
Answer:
Hence in this question we have the initial amount as 1000 rs and the interest rate is 5% per annum interest compounded for 3 years. 1000 + 5% x 1000 =1050. 1050 + 5% x 1050 = 1102.5. 1102.5 + 5% x 1102.5 = 1157.625 which is the answer.
Answered by
1
Answer:
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
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