Mathematics · Compound Interest
Sandhya lent ₹5000 to Vidya for 3 years at the rate of 5% per annum compound interest, compounded annually. Calculate the total amount that Vidya will owe after 3 years.
- 1₹5788.00
- 2₹5788.13✓
- 3₹5788.12
- 4₹5789.00
Correct answer
₹5788.13
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