Question

Principal=rs.5000
Rate=4%
Time=3 years
In compound interest.

Answer 1

Principal=Rs.5000
Rate=4%
Time=3 years

Interest for 1st year=P*R*T/100
=5000*4*1/100=200

Amount=5000+200=5200

Interest for 2nd year=P*R*T/100
=5200*4*1/100=208

Amount=5200+208=5408

Interest for 3rd year=P*R*T/100
=5408*4*1/100=216.32

Amount=5408+216.32=5624.32

Compound Interest =5624.32-5000=624.32

Answer 2

Hey mate!!!

Here is your solution.....