Final answer:
The compound amount after 3 years is Rs866.00 and the compound interest compounded yearly is Rs66.00.
Step-by-step explanation:
The compound amount can be calculated using the formula:
Compound Amount = Principal * (1 + Rate/100)^Time
Given that the Principal (P) is Rs800, the Rate (R) is 5%, and the Time (T) is 3 years, we can substitute these values into the formula:
Compound Amount = 800 * (1 + 5/100)^3 = 800 * (1.05)^3 = Rs866.00
Therefore, the compound amount after 3 years is Rs866.00.
The compound interest can be calculated by subtracting the principal amount from the compound amount:
Compound Interest = Compound Amount - Principal = Rs866.00 - Rs800 = Rs66.00
Therefore, the compound interest compounded yearly is Rs66.00.