calculate the interest and the amount in each following. 1.principal=Rs.12000 Rate=11percent Time=4yrs wht is the interest and amount
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Answer:
interest 12528.
Step-by-step explanation:
amount 23321
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S O L U T I O N :
Given,
- Principal (P) = Rs. 12000
- Rate of interest (R) = 11%
- Time (t) = 4 years
To Find,
- The interest and amount.
Explanation,
We know that,
A = P(1 + R/100)^t
[ Put the values ]
→ A = 12000(1 + 11/100)⁴
→ A = 12000(100+11/100)⁴
→ A = 12000(111/100)⁴
→ A = 12000 × 111/100 × 111/100 × 111/100 × 111/100
→ A = 12 × 111 × 11.1 × 1.11 × 1.11
→ A = Rs.18216.84492
As we know that,
Interest = Amount - Principal
[ Put the values ]
→ Interest = Rs.(18216.84492- 12000)
→ Interest = Rs. 6216.84492
Therefore,
The amount and Interest is Rs.18216.84492 and Rs.6216.84492.
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