Question

Rohit deposited rupees 1250 in his savings bank account. Find the compound interest earned by him after 3 years at the rate of 5% per annum.​

Answer 1

Step-by-step explanation:

A=P$\left(1+\dfrac{R}{100}\right)^n$

P=1250Rs

R=5%

n=3

A=1250$\left(1+\dfrac{5} {100}\right)^{3} =1250×\left(\dfrac{21} {20}\right)$ 3=1447.03Rs

A=P+C.I

C.I=A-P

C.I=1447.03-1250=$\bf197.03Rs$