Question

Anubhav got a loan of 64,000 at the rate of 12.5% p.a. Find the compound interest he will have to pay after 3 years.​

Answer 1

Answer:

Si= $\frac{PxRxT}{100}$

for first years= $\frac{64000x12.5x1}{100}$=8000

amount= p+si= 64000+8000=72000

compound interest = A-P = 8000

for 2 years= $\frac{72000x12.5x1}{100}$=9000

amount= p+si=72000+9000=81000

Compound interest = A-P = 81000-72000

9000

for 3 year = $\frac{81000x12.5x1}{100}$=10125

amount= P+A=81000+10125=91125

compount interest= 81000-91125=10125

all compound interest = 8000+9000+10125=27125

answer= 27125