Question

ajay deposited 25000 in a bank for 3 year at 10% per annum. find the compound interest at the end of 3 years compounded annuaaly​

Answer 1

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Answer 2

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P = 25000

T = 3 years

R = 10%

A = P(1 + R/100)^t

A = 25000(1+10/100)³

A = 25000 × (11/10) × (11/10) × (11/10)

A = 33275

CI = A - P

CI = 33275 - 25000

CI = 8275