Question

Find amount at the end of three years , pricipal = 62500/ rate of intrest +12% componded anually

Answer 1

Amount: 87808

Compound interest: 25308

Given:

Principal: 62500

Rate: 12%

Time: 3 years

Formulae used:

$amount = principal ({1 + \frac{rate}{100}) }^{time}$

Implementation:

$62500 ({1 + \frac{12}{100} )}^{3}$

calculation.....