Question

calculate the amount and compound interest on
₹10,800 for 3years at 25\2% per annum compounded annually​

Answer 1

Answer:

A = 15,377.34

A = P + I where

P (principal) = 10,800.00

I (interest) = 4,577.34

Calculation Steps:

First, convert R as a percent to r as a decimal

r = R/100

r = 12.5/100

r = 0.125 rate per year,

Then solve the equation for A

A = P(1 + r/n)^nt

A = 10,800.00(1 + 0.125/1)^1×3

A = 10,800.00(1 + 0.125)^3

A = 15,377.34

PLEASE MARK IT BRAINLIST ANSWER

Answer 2

Answer:

15377.34 or 15377

Step-by-step explanation:

Given,

Amount = 10800

Compound Int. 25/2 = 12.5% p.a

1st year,

10800÷100×12.5 = 1350

2nd year,

10800+1350 = 12150

now,

12150÷100×12.5 = 1518.75

3rd year,

12150+1518.75 = 13668.75

now,

13668.75÷100×12.5 = 1708.59

Adding all the sums we get,

(1350+1518.75+1708.59) = 4577.34

So, the amount will be = (10800+4577.34)

= 15377.34