Question

The simple interest earned on a sumis rs 4500 for 3 years at the rate of 5% per annum. Find the compound interest for the same sum, if compounded annually at the same rate and for the same time​

Answer 1

Answer:

for simple interest answer is 675

Explanation:

4500*3*5/100

45*3*5

135*5

675 is the answer for simple interest

compound interest is

4500*5*1/100=225=4500+225=4725

4500*5*1/100=225

4500+225=4725

4725*1*5/100=236.25

4725+236.25=4961.25

4961.25*5*1/100

multiply it your self and add the answer with 4961.25 and then for ci subtract the answer coming at the end by 4500 then you will get your answer

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