Question

Find CI and amount in 2 methods (Yearly calculation method and Formula method)

P = ₹15625 ; T = 3years ; R = 12
% compounded annually​

Answer 1

Answer:

P=15625

N=3

R=12%

COMPOUND INTEREST=P(1+R/N)^N

=15625*(1+12/3)^3

=15625(125)

=1953125rs

annually compound interest is

=P*(1+R/N)^N. (N=1)

=15625(13)*1

=203125rs