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Calculate Compound Interest and amount on Rs 4500 at 10 % per annum in 3 years

Solution:
Your problem `->` Calculate Compound Interest and amount on Rs 4500 at 10 % per annum in 3 years


Here `P = "Rs. "4500, R = 10 %, N = 3` years.

`A = P (1 + R/100)^N`

`= 4500 * ( 1 + 10 / 100 ) ^ 3`

`= 4500 * ( 110 / 100 ) ^ 3`

`= 5989.5`

`:. CI = "Rs." (5989.5 - 4500) = "Rs." 1489.5`






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