Question

Calculate the amount on rs. 10800 for 3 years at 12.5 percent per annum compound annualy

Answer 1

P=Rd.10800 ; n=3yrs and r= 12.5 %

A= 10800( 1+12.5/100)sq

=10800×(1+1/9)sq

=10800×81/64

=13668.75

Therefore Amount =13668.75

C.I =13668.75 - 10800

=2868.75