calculate the amount and compound interest on rs.10800 for 3 year's at 12.5% per annum compound anually
Answers
Answered by
100
Answer:
- Amount = Rs 15377
- Compound interest = Rs 4577
Step-by-step explanation:
Given that:
- Time = 3 years
- Principal = Rs 10800
- Rate of interest = 12.5% per annum
To Find:
- Amount
- Compound interest
Formula used:
- A = P(1 + R/100)ᵀ
- CI = A - P
Where,
- P = Principal
- R = Rate of interest
- T = Time
- A = amount
- CI = Compound interest
Finding the amount:
⟶ A = 10800(1 + 12.5/100)³
⟶ A = 10800(1 + 0.125)³
⟶ A = 10800(1.125)³
⟶ A = 10800 × 1.125 × 1.125 × 1.125
⟶ A ≈ 15377
∴ Amount in compound interest = Rs 15377
Finding the compound interest:
⟶ CI = 15377 - 10800
⟶ CI = 4577
∴ Compound interest = Rs 4577
Answered by
130
Question:-
- Calculate the amount and compound interest on rs.10800 for 3 year's at 12.5% per annum compound anually.
To Find:-
- Find the amount and the compound interest.
Solution:-
Now ,
We have to find the compound Interest:-
Hence ,
- Compound interest is 4577
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