Question

calculate the compound interest. 10800 for 3 years at 12 ½% per annum compounded anually.


I will mark the correct ans as the brainliest no spamming I will report the wrong ans.​

Answer 1

Answer:

= 4373.22 Rs

Step-by-step explanation:

WE HAVE: P= 10800Rs

                 T= 3years

                 R=121/2% =  25/2  x  1/100 =0.12

Compound interest   = P [(1 + i)n – 1]  

= 10800[(1+0.12)3-1]

= 10800[(1.12)3-1]

= 10800[1.404928-1]

= 10800 x 0.404928

= 108 x 40.4928

= 4373.22 Rs