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:

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.

Answer 2

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