Question

calculate the amount and compound interest on 10,800 for 3years at 12*1/2 per annum compounded annually​

Answer 1

Answer:

according to question :-

rate = 12*1/2 = 25/2 = 12.5 %

so amount = p(1+r/100)^n

amount = 10800(1+12.5/100)^3

amount = 10800(112.5/100)^3

amount = 10800(1423828.125/1000000)

amount = 10800*1.423828125 = 10800*1.42 = ₹15336

now CI = amount - p = 15336 - 10800 = ₹4536

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