the compound interest on Rs 10000 at 5% pa for 3 years is
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4
Answer:
An ohm measures electrical resistance. How many ohms is 250 milliohms? *
Step-by-step explanation:
Answered by
0
Answer: - The Compound Interest = Rs. 1,576.25
Detailed solution: -
Given: -
Principal (P) = Rs. 10,000
Rate of interest (R) = 5% per annum
Time (T) = 3 years
We need to find the compound interest
You can find the compound interest by two ways.
1. By using CI formula directly, or
2. By finding amount first by using amount formula then find the CI.
I am doing in second way.
Amount =
Therefore,
Amount = Rs. 11,576.25
Now,
Compound Interest (CI) =
Therefore,
The Compound Interest = Rs. 1,576.25
To know more about the topic, go to the given links: -
https://brainly.in/question/20878986
https://brainly.in/question/16958201
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