Math, asked by akshidhaasudha, 10 months ago

Calculate the ci on 28000 at 12%per annum compounded annually for 3 years

Answers

Answered by krishnatoshniwal984

13

Answer:

Hope it helps you.Plz mark me as brainliest.

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Answered by Kanagaraju

2

Answer:

3496

Step-by-step explanation:

compound interest = P (1 + r/n)^(nt)- - P

CI = 28000 ( 1 + (0.12/3))^3

CI = 28000 ( 1.04)^3 =31496

ci = 31496 - 28000 = 3496

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