Question

principal = ₹5000, rate =8% and time = 3 years find the amount and the compound intrest​

Answer 1

Here is the answer, hope it helps.

Answer 2

Solution :-

Given :
Principal = p = ₹5000
Rate = r = 8%
Time = t = 3 years

Find the Amount (A) :-

A = p(1 + r)^t
A = 5000(1 + 8%)³
A = 5000(1 + 0.08)³
A = 5000(1.08)³
A = 5000 × 1.259712
A = 6298.56

Find the compound interest (C.I) :-

C.I = A - p
C.I = 6298.56 - 5000
C.I = 1298.56

Hence,
Amount = ₹ 6298.56
Compound Interest = ₹ 1298.56