Question

a person invests rs 5000 in a three years investment that pays you 12% per annum. Calculate the future value of investment.​

Answer 1

Answer:  Now we will again use the same formula for 3 years. For this case, P=5000, r=12 and t=3. Therefore, the amount at the end of 3 years is Rs. 7024.64.

Step-by-step explanation:

Answer 2

Answer:

Simple Interest on P = 5000

S.I. = (P*R*T)/100

(5000*12*3) / 100 = 1800 Rs

Amount = 6800

oops ,. ,sorry the above answer is for S.I.

HERE you have to find C.I.

For this case, P=5000, r=12 and t=3. Therefore, the amount at the end of 3 years is Rs. 7024.64. Note: Don't get confused and take 6272 to be the principal amount.

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