Question

The compound interest on 10,000 at 5% p.a. for 3 years
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Answer 1

10,000(1+5/100)^3

=10000×(105/100)^3

Answer 2

Answer:

1576.25 rs.

Step-by-step explanation:

A = P ( 1 + R/100 ) ^N

A = 10000 ( 1 + 5/100 ) ^3

A = 10000 × 21/20 × 21/20 ×21/20

A = 11576.25 rs.

I = A - P

I = 1576.25 rs.

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