Question

Principal=₹5000

rate=5persent
number of years=3 years
calculate compound interest and amount using the formula for compound interest​

Answer 1

512.5 and 5512.5

Explanation:

p=5000,R=5%,T=3 comppund interest=p (1+R÷100)-1=5000×0.1025=512.5 again,amount=5000×1.1025=5512.5