Question

1. The compound interest on 78000 at 5% p.a. for 3 years is​

Answer 1

Answer:

Amount after 3 years = P(1+100r)3

= 12000×(1+1005)3

= Rs. 13891.50

C.I. = Amount − Principal

C.I. =13891.50−12000

= Rs. 1891.50

Thus, compound interest is Rs. 1891.50.

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