Question

calculate the CI in 28000 at 12% per annum compounded annually for 3 years.​

Answer 1

Answer:-

The amount compounded annually for 3 years will be 39337.98.

Answer 2

$\huge{\textbf{\textsf{\pink{Answer\::}}}}$

Given,

• P = Rs. 28000

• T = 3 years

• R = 12%

We know that,

$= > A = P \: {(1 + \frac{r}{100}) }^{n}$

Here,

• n = 3 years

→ A = Rs. 39337.9

Now,

→ Compound Interest = A - P

→ C.I = Rs. 39337.9 - Rs. 28000

→ C.I = Rs. 11337.9