Question

find amount and compound interest on 2,50,000 for three years at 12%per annum compounded yearly​

Answer 1

P-Principal

r-rate of interest

n-no.of years

Amount=P(1+r/100)^n

=250000(1+12/100)³

=250000(1+3/25)³

=250000((25+3)/25)³

=250000(28/25)³

=250000*28/25*28/25*28/25

=Rs.351232

So, Compound Interest= Amount-Principal

=Rs.351232-Rs.250000

=Rs.101232

Therefore compound interest is Rs.101232

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Answer 2

Step-by-step explanation:

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