Question

what total amount will ravi get in 3 years if he invests ₹ 5000 at 5 percent per annum, compounded anuaally​

Answer 1

Answer:

Step-by-step explanation:

Answer 2

Answer:

5788.125........

Step-by-step explanation:

$p = (1 + \frac{r}{100} ) {}^{n} \\ \\ p = 5000 \\ r = 5\% \\ time = 3years \\ \\ = 5000 = (1 + \frac{5}{100} ) {}^{3} \\ \\ = 5000 = ( \frac{21}{20} ) {}^{3} \\ \\ = 5000 = ( \frac{21 \times 21 \times 21}{20 \times 20 \times 20} ) \\ \\ = 5788.125$