3 Find Ammount and the compount interest on Rs. 25,000 For 3 years at 12% per annum, compounded annually (full explanation)
Answers
Answered by
1
Step-by-step explanation:
Given: Principal = Rs. 25000. Rate of interest = 12% p.a. Time period = 3 years.
Formula Used: C.I. = P × ((1 + r/100)t - 1)
Calculations: Principal = Rs. 25000. Rate of interest = 12% p.a. Time period = 3 years. ...
∴ The compound interest is Rs. 10123.20.
Answered by
0
Answer:
Rs. 10123.20
Step-by-step explanation:
Given: Principal = Rs. 25000. Rate of interest = 12% p.a. Time period = 3 years.
Formula Used: C.I. = P × ((1 + r/100)t - 1)
Calculations: Principal = Rs. 25000. Rate of interest = 12% p.a. Time period = 3 years. ...
∴ The compound interest is Rs. 10123.20.
Similar questions