CALCULATE THE AMOUNT AND COMPOUND INTREST IN EACH OF THE FOLLOWING:
p = 12500 , R = 10% p.a , T = 3 years.
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Step-by-step explanation:
p=12500
R=10%
T(n)=3
A= p{1+R/100}^n
= 12500{1+10/100}^3
= 12500{11/10}^3
= 12500 ×11/10×11/10×11/10
= 25 × 11×11×11/2
= 33275/2
= 16,637.5
so amount is 16,636.5
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