Find the amount and C.I. on 10800 for 3 years at 12 . % per annum compounded annually.
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The correct option is D
₹ 15,377 (approx)
Here, Prinicipal (P) = ₹ 10800, Time (n) = 3 years,
Rate of interest (R) =
12
1
2
%
=
25
2
%
A
m
o
u
n
t
(
A
)
=
P
(
1
+
R
100
)
n
=
10800
(
1
+
25
2
×
100
)
3
=
10800
(
9
8
)
3
=
10800
×
9
8
×
9
8
×
9
8
= ₹ 15,377.34
= ₹ 15,377 (appr
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