Question

₹ 10,800 for 3 years at 12\frac { 1 }{ 2 } % per annum compounded annually

Answer 1

Step-by-step explanation:

principle=₹10,800

time=3yrs.

rate of interest=12% per annum

a/q

amount=10,800(1+12/100)³

=10,800×112/100×112/100×112/100

=(108×112×112×112)/10000

=15173.22

compound interest=₹(15,173.22-10,800)

=4373.22(answer)