the simple interest on a certain sum for 3 years at 5% per annum is rupees 540 what will be compound interest on that sum at same rate for same period
Answers
Answered by
1
Step-by-step explanation:
Compound interest=p(r/100)t
=540(5/100)3
=540(1/20)3
=540*21/20*21/20*21/20
Compound interest=625.1175
Similar questions