Calculate the amount and compound interest on Rs. 10800 for 3 years at 12% per annum
compounded annually.
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Step-by-step explanation:
principal = Rs. 10800
time period = 3 years
rate of interest = 12% per annum
A= P(1+r/100) to the power t
= 10800(1+12/100) ³
= 10800 ( 1+3/25)³
= 10800× 28/25×28/25×28/25
= 15173.22 Rs
C.I = A-P
= 15173.22- 10800
= Rs 4373.22
Answer: Rs 15173.22 , Rs 4373.22
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formula
Step-by-step explanation:
answer
₹59.79 per month
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