Question

principal is 5000,time is 3years and rate of intrest is 12%. find the amount and CI

pls ans fast​​

Answer 1

Given

• Principal (P) = ₹  5000
• Time period (T) = 3 Years
• Rate of interest (R) = 12 % per annum

To find

• Amount (A)
• Compound interest (CI)

Solution

• Amount = P (1 + R/100)ⁿ

→ P is Principal R is rate of interest n is time period

• Amount = 5000 (1 + 12/100)³
• Amount = 5000 × ¹¹²⁄₁₀₀ × ¹¹²⁄₁₀₀ × ¹¹²⁄₁₀₀
• Amount = 5000 × ²⁸⁄₂₅ × ²⁸⁄₂₅ × ²⁸⁄₂₅
• Amount = 7024.64

→ Amount = ₹  7024.64

• CI = A - P

→ CI is compound interest A is amount P is principal

• CI = ₹  7024.64 - ₹  5000
• CI = ₹  2024.64

→ Compound interest = ₹  2024.64

Answer 2

Answer:

answer is Amount = 7024•64

CI = 2024•64

Step-by-step explanation:

A=5000(1+12/100) power3

=5000(1+3/25) power3

=5000*28/25*28/25*28/25

=7024•64

CI = 7024•64-5000

=2024.64