Question

25,000 at the rate of 12% per annum for three
7.
Find the compound interest on 3
years.
po per annum.​

Answer 1

Answer:

35123.2 after 3 years and 28000 after one year

Step-by-step explanation:

make use of the formula for compound interest:

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

A is actual invested

p is principle

r is rate of interest

n is the number of years

now place the values in the equation :

A = 25000 * (1 + 12/100) ^3

A = 35123.2

the amount after three years is   35123.2

the amount after one year can be found out using the same equation but replacing 3 with 1

A = 25000 * (1 + 12/100) ^1

A = 28000

the amount after one year is   28000

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