Question

calculate the compound interest on Rs 18,000 for 3 years 12.5% per annum compounded annually.
a) 4577.34
b) 4577.43
c) 4755.43
d) 4755.34​

Answer 1

Answer:

formula p(1+r/100)n

18000(1+1/8)³

18000(9/8)³

18000(9/8)(9/8)(9/8)

820125/32

Ans is 25628.91-18000

7628.91