find the amount and compound interest on Rs.10240 for 3 years at 12 whole 1/2 percent per annum compounded annually
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Answered by
3
Answer:
14,580
Step-by-step explanation:
Given p=Rs. 10240
r=12
2
1
%⇒
2
25
%
Time=3 years
Amount=p(1+
100
r
)
t
=10240(1+
100
25/2
)
3
=10240(1+
8
1
)
3
=10240×(
8
9
)
3
=14,580
Amount=14,580
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