Question

calculate the amount and compound interest on question is rupees 10800 for 3 years at 12% per annum compound annually​

Answer 1

Answer:

Step-by-step explanation:

Answer 2

Answer:

Step-by-step explanation:

12 % of 10800 = 1296

So in the first year the interest would be 1296 + 10800

= 12096

In the second year,

12% of 12096 = 1451.52

So in the second year the interest would be 12096 + 1451.52 = 13547.52

In the third year,

12% of 13547.52 = 1625.7024

So in the third year the interest would be 13547.52 + 1625.7024

= 15173.2224