1. Find the compound interest on 12,000 for 3 years
at 10% per annum compounded annually
Answers
Answered by
3
Step-by-step explanation:
solution in pic you should understand
Attachments:
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Answered by
0
Answer:
THE CI TO BE PAID IS ₹3972
Step-by-step explanation:
PARAMETERS GIVEN,
PRINCIPAL = ₹12,000
RATE% = 10%
TIME = 3 YEARS
SO,
WE KNOW,
A = P(1+R/100)ⁿ
= 12000(1+10/100)³
= 12000(11/10)³
= (12000*11*11*11)/10*10*10
= 12*1331
= ₹15,972
SO,
CI = A-P
= ₹15972 - ₹12000
= ₹3972
I HOPE YOU UNDERSTOOD THE QUESTION!!!
!!!JAI SHREE KRISHNA!!!
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