Question

find compound interest on
principal =12500
rate=10%
time=3 years​

Answer 1

●○ ANSWER ○●

GIVEN :-

Principal = 12,500

Rate = 10%

Time = 3 years

TO FIND :-

Find Compound Interest.

SOLUTION :-

Amount = P(1+R/100)^T

= 12,500×(1+10/100)³

= 12,500×(11/10)³

= 12,500×11/10×11/10×11/10

= 33,275/2

= 16637.5

Now,

Compound Interest = Amount - Principal

= 16637.5 - 12,500

= 4137.5