find the compound interest of rs 5000 at 10% per annum for 3 years
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find the compound interest of rs 5000 at 10% per annum for 3 years
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Answer:
1655 Rs. Hence option [D] is correct answer.
ANSWER :
formula ( P×R×N) / 100
Now; p(1+R/100) ñ -1
5000 {(1+10/100) ³ -1 }
5000{(11/10)³-1 }
cl= 5000×331/1000 = 1655
Answer is 1655.
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