Question

find out amount and compound interest on rupees 12000 in 3 years at 5% compounded annually​

Answer 1

Step-by-step explanation:

1891.5. Thus, the compound interest on Rs. 12000 at 5 % p.a. for 3 years will be Rs. 1891.5.

Answer 2

Answer:

Amount = 13,891.5 Rs

Interest = 1891.5 Rs

Step-by-step explanation:

r = 5%

T = 3 years

P = 12,000 Rs

A = P(1 + r/100)³

A = 12,000 × (1 + 5/100)³

A = 12,000 × (1 + 1/20)³

A = 12,000 × (21/20)³

A = 12,000 × 9261/8000

A = 13,891.5 Rs

So,

Amount, A = 13,891.5 Rs

Interest, I = A - P = 13,891.5 - 12,000 = 1891.5 Rs