Question

calculate the almost and compounding interest on rupees 62,500 for 3 years at 10%per alium compounded annually​

Answer 1

principle = ₹ 62500

time = 3 years

rate % = 10 %

Amount = p ( 1 + R ÷ 100 ) power T

A = 62500 (1 + 10 ÷ 100 ) power 3

A = 62500 ( 100 + 10 ÷ 100) power 3

A = 62500 ( 110 ÷ 100 ) power 3

A = 62500 × 110/ 100 × 110 /100 × 110 / 100

A= 83187.5

compound interest = A - P

62500 - 83187.5

= 20687.5