Question

The compound interest on rs. 5000 for 3 years at 10%p.a. will amount to:

Answer 1

Answer:

rs 1655

Step-by-step explanation:

A= p (1+r/100)^n

A= 5000(1+10/100)^3

A= 5000*11/10*11/10*11/10

A=5*11*11*11

A= rs 6655

A=Ci +P

CI = A-P

CI = 6655-5000

CI = rs 1655