Ramesh invested 18000 rupees for 3 years at 5% per annum Find the compound interest he received at the - Maths - Comparing Quantities

Question

Ramesh invested 18000 rupees for 3 years at 5% per annum Find the
compound interest he received at the end of the tenure

Shruti Tyagi · Accepted Answer

Dear student,
A=P1+R100T=180001+51003=18000×2120×2120×2120=20,867
25CI=A-P=20,867 25-18,000=Rs 2,837 25

Regards

Ramesh invested 18000 rupees for 3 years at 5% per annum. Find the compound interest he received at the end of the tenure.