Question

P=5000, R=8% T=3yrs find Compound interest and amount

Answer 1

$p = 5000 \\ r = 8 \\ t = 3 \\ si = p \times r \times t \div 100 = \\ 5000 \times 8 \times 3 \div 100 = 1200 \\ amount \: = p + si = 5000 + 1200 = 6200$