Question

what total amount will Ravi get in 3 years if he invests rupees 5000 at 5% par annum, compounded annually?​

Answer 1

Please mark me as the brainliest.

The answer is 5788.12

Answer 2

Ravi invests rupees is = 5000

He invests per annum = 5%

He invests for = 3 years

So his compound annually is -

Principal = ₹5000

Rate of interest (RI) = 5% p.a

Time = 3 years

So  simple interest =  P x R x T by 100

= 5000 x 5 x 3

           100

= ₹ 750

So amount = Principal + Simple Interest

₹5000 + ₹750 = ₹ 5750

So Ravi will get ₹5750 compounded annually.

Please mark me as brainlist.