Question

Find the amount accumulated on Rs.
12000 at 8% per annum for 3 years,
compounded annually​

Answer 1

Solution :-

$\: \: \: \: \: \: \:$

$\rm \red{Amount \: After \: 3 \:Years }$

$\implies \sf{P \bigg( 1 + \large{ \frac{R}{100}} \bigg)}$

$\implies \sf12000 \times \bigg(1 \times \large \frac{5}{100} \bigg)$

$\sf{ \implies Rs.13891.50}$

$\: \: \: \: \: \: \:$

$\rm \blue{C.I = Amount - Principal }$

$\rm \blue{C.I = 13891.50 - 12000}$

$\rm \blue{C.I = Rs. 1891.50}$

$\large \boxed {\sf { \purple{ Thus, C.I = Rs. 1891.50}}}$

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