Question

Calculate the amount and compound interest on
(a) Rs 10,800 for 3 years at 12-
Cercise 8.3
% per annum compounded annually.
2​

Answer 1

Step-by-step explanation:

Principal= Rs10,800

Time=3years

Per annum=12%

$simple \: interest = \frac{p \times r \times t}{100}$

$si = \frac{10800 \times 3 \times 12}{100}$

$simple \: interest= 3888$

Amount= Principal+Simple Interest

=10,800+3888

=14688

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