principal $5000 rate 10% time 3years compound interest
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Given Principal p = 5000
Given Rate of interest r = 10%.
Given Time n = 3 years.
We know that A = P(1 + r/100)^n
= > 5000(1 + 10/100)^3
= > 5000(1 + 1/10)^3
= > 5000(11/10)^3
= > 5000(1331/1000)
= > 6655.
We know that Compound interest = Amount - Principal
= 6655 - 5000
= 1655.
Therefore the compound interest = 1655.
Hope this helps!
Given Rate of interest r = 10%.
Given Time n = 3 years.
We know that A = P(1 + r/100)^n
= > 5000(1 + 10/100)^3
= > 5000(1 + 1/10)^3
= > 5000(11/10)^3
= > 5000(1331/1000)
= > 6655.
We know that Compound interest = Amount - Principal
= 6655 - 5000
= 1655.
Therefore the compound interest = 1655.
Hope this helps!
siddhartharao77:
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0
Ans will be 3669....
I hope u got it
thanx
I hope u got it
thanx
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