Question

Calculate the interest and amount for Rs.54000 at the rate of 12% per annum for 3
years.
​

Answer 1

Answer:

RS 75866.112 total amount

RS 21866.112 interest

Step-by-step explanation:

Total amount = Principal amount (interest/100 + 1)^years

54000(12/100 + 1) ^3

54000(0.12+1)^3

54000(1.12)^3

54000(1.404928)

Total amount = rs 75866.112

interest = total amount - principal

interest = 75866.112 - 54000

interest = 21866.112

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