Question

Find compound Interest on Rs 12000 for 3 years at 10% per annum compounded anually.​

Answer 1

Step-by-step explanation:

annum compounded annually. On what sum will the compound interest at 5% per annum for 2 years compounded annually be Rs 164? Find the principal if the compound interest compounded annually at the rate 10% per annum for three years is Rs 331.

Mark as Brainlist

Answer 2

Answer:

The compound Interest is 3972 rupees.

Step-by-step explanation:

As per the data given in the question we have to find compound interest.

As per the questions it is given that Rs 12000 for 3 years at 10% per annum compounded annually.​

We know that the amount A at the end of n years at the rate of R % per annum when the interest is compounded annually is given by                          A=P(1+$\frac{R}{100}$)^n

Here P = Rs.12000 R = 10% per annum and n = 3

Amount after 3 years=P(1+$\frac{R}{100}$)^3 = 12000×(1+$\frac{10}{100}$)^3 = 12000×(1+$\frac{1}{10}$)^3 = 12000×$(\frac{11}{10} )^3$ = 15972 rupees

Hence, Now Compound interest = A - P ⇒ Compound interest = Rs. 15972 - Rs.12000 = Rs. 3972

Hence, the compound Interest is 3972 rupees.

For such type of questions:
https://brainly.in/question/54225380

#SPJ6