Question

00 Ź A Calculate the compound interest and amount, by using the formula, if interest is compounded annually. (a) Principal = 5000, time = 3 years, rate = 12% p.a. me 3 years​

Answer 1

Answer:

Step-by-step explanation:

P= 5000, t = 3 years r=12%

A =p(1+r/100)^n

5000(1+12/100)^3=7024.64

Ci = a-p = 7024.64-5000=2024.64