Question

1. Calculate the amount and compound interest on
(a) * 10,800 for 3 years at 12.5% per annum compounded annually.
​

Answer 1

Answer:

AMOUNT = ₹15,375.34375

CI = ₹4,577.34375

Step-by-step explanation:

PARAMETERS GIVEN,

PRINCIPAL = ₹10,800

TIME = 3 YEARS

RATE = 12.5%

SO,

WE KNOW,

A=P(1+R/100)ⁿ

  = 10800(1+125/1000)³

  = 10800(9/8)³

  = (10800*9*9*9)/8*8*8

  = 7873200/512

  = ₹15,377.34375

SO,

AMOUNT=₹15,377.34375

CI = ₹15,375.34375 - ₹10,800

    = ₹4,577.34375

I HOPE YOU UNDERSTOOD THE QUESTION!!!