Question

what total amount will Ravi get in 3 year if invested rupees 8000 at 5% per annum compounded annually​

Answer 1

P = 8000

T=3 YEARS

R = 5%

A = P(1×R/100)n

A = 8000 (105/100)^3

A = 8000×105÷100×105÷100×105÷100

A =9261

CI = A-P

CI = 9261-8000

CI = 1261 ans