Mathematics · Compound Interest

Find the compound interest on ₹5,000 at a rate of 6% per annum for 3 years, compounded annually (correct to the nearest integer).

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1₹900
2₹618
3₹955✓
4₹956

Correct answer

₹955

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Find the compound interest on ₹5,000 at a rate of 6% per annum for 3 years, compounded annually (correct to the nearest integer).

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Find the compound interest on ₹5,000 at a rate of 6% per annum for 3 years, compounded annually (correct to the nearest integer).

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