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Calculate the amount on ₹3000 for 3 years at 5% p.a compound interest |
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Answer» Compound INTEREST , C is given by r = RATE, P = principle, n = time C=P[(1+r) n −1] =3000[(1+ 100 5
) 2 −1] =3000(1+ 10000 25
+ 100 10
−1) =30( 100 25
+10)⇒30(10+ 4 1
) =30( 10 41
) C=Rs.123. |
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