Question

find CI , principal is 25,000 and rate is 8% time is 3 years ​

Answer 1

Answer:

CI = 6492.8

Explanation:

Principle = 25,000

Time =  3 yrs

Rate of interest = 8%

$CI = p[(1+i)^n-1]$

$CI = 25,000[(1+0.08)^3-1]$

$CI = 25,000 (1.08)^3-1$

$CI = 25,000 * 0.259712$

$CI = 6492.8$

Answer 2

Explanation:

Answer:

CI = 6492.8

Explanation:

Principle = 25,000

Time =  3 yrs

Rate of interest = 8%

\begin{gathered}CI = p[(1+i)^n-1]\\\end{gathered}CI=p[(1+i)n−1]

CI = 25,000[(1+0.08)^3-1]CI=25,000[(1+0.08)3−1]

CI = 25,000 (1.08)^3-1CI=25,000(1.08)3−1

CI = 25,000 * 0.259712CI=25,000∗0.259712

CI = 6492.8CI=6492.8