Question

a lone of ₹15000 was taken in compound interest. if the rate of compound interest is 12 p.c.p.a . find the amount to settle the lone after 3 years. ​

Answer 1

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Refer to the Attachment

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Answer 2

Answer:

Here is the perfect answer

Here, P = Principal = ₹ 15000

A = Amount

R = 12 %

N = 3 years

A = P (1+R/100)N

=15000 × (1+12/100)³

=15000 × (1+3/25)³

=15000 × (2825)³

=21073.92

Hence, the amount is ₹ 21073.92